Israel remains the world leader in the growth of housing prices

In Q3, the cost of residential property in the country has soared by 13.7%, compared to the same period last year.

According to the Global Property Guide’s report on Q3, the sharpest annual increase has been registered in Australia (6.3%), Norway (3.8%), New Zealand (3.7%) and Switzerland (3.3%).

Positive dynamics has been demonstrated by housing markets of China (Hong Kong and Shanghai), Indonesia and Finland. Portuguese property prices have remained intact in yearly calculations.

The sharpest annual decrease has been observed in Latvia (59%), UAE (47%), Ukraine (34.4%), Bulgaria (28%) and Slovakia (14.3%). We would like to notice, that in case of Latvia and Ukraine only the prices in the capital have been taken into account.

In quarterly terms, prices have risen significantly only in Singapore (15.8%), Hong Kong (10%) and UAE (7%). Over the same period, prices have decreased the most in Latvia, Ukraine and Thailand, falling by 8.5%, 8.4% and 6.2%, respectively.

We would like to remind you that in Q2, Israel had also been a leader in the rate of annual growth in housing prices.