RESIDENTIAL SALES

Global House Price Index records lowest rate of growth in six years

Prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average, this marks the index’s slowest rate of growth for over six years. This trend mirrors the pattern observed in Knight Frank’s other global city indices – across both the mainstream and prime segments.   
Written By:
Kate Everett-Allen, Knight Frank
1 minute to read
Categories: Property Sector Residential Sales service Sales World Regions America Canada North America United States Asia Pacific Chinese Mainland Hong Kong SAR, China India Indonesia Japan Malaysia Philippines Singapore South Korea Australasia Australia New Zealand Europe Austria France Germany Ireland Italy Romania Russia Spain Switzerland Global

Analysis of the latest available data, shows Hungary leads the index this quarter with 15.4% annual price growth, boosted by a robust economy (4.9% GDP growth forecast in 2019*), low mortgage rates, high wage growth and a range of government subsidy measures. 

However, other previous frontrunners from the last two years have cooled significantly – Slovenia (18th), Malta (22nd) and Iceland (26th) either due to weaker economic landscapes, affordability concerns or a decline in tourism. 

Seven of the top ten rankings this quarter are European countries and most are located within Central and Eastern Europe. Here, prices are rising from a low base, economies are strengthening and borrowing costs are close to record lows.

For more information please contact Kate Everett-Allen