The British real estate consulting company Knight Frank announced the results of the global housing price index for the 2nd quarter. As a result, the index, which is calculated by calculating property prices in 55 countries and regions, increased by 9.2% in the second quarter of 2021 compared to the same period last year.
While prices rose by an average of 12% in developed countries, this figure remained at 4.9% in developing countries.
Turkey became the country with the fastest rise in property prices, with an annual increase of 29.2% among the 55 countries and regions included in the rating. New Zealand followed with 25.9% and the USA and Slovakia with an increase of 18.6% each.
Housing prices increase in the second quarter of 2021:
|Series||Country||Annual increase (%)|
|46||The Czech Republic||2.2|
House prices in Turkey have risen by 16.3% in the last 6 months and 8.9% in the last 3 months. Turkey was again at the top of the list in 6 and 3 month increases.
In the last 1 year, there has been a double-digit increase in property prices in 18 countries. Only Spain and India saw price reductions. Real estate prices fell by 0.9% and 0.5% on an annual basis in these countries, respectively.