The international real estate analytical portal Global Property Guide has published data on the global growth rates of house prices in the second quarter of 2020. The report covered 49 countries, in 33 of them property prices rose in line with inflation despite the coronavirus pandemic. A steady rise in prices was observed in Thailand (+ 8.16 percent), Portugal (8.12 percent), the Netherlands (+ 6.12 percent), the United States (+ 5.02 percent), Canada (+ 5.19 percent) ), in Russia (4.82 percent). Analysts state that main reason for the growth in such a difficult time are the low mortgage rates which central banks have offered help their economies.
In which countries did residential property prices rise the most in the second quarter of 2020? Turkey took the first place (+ 11.59 percent), the second place is the Philippines (+ 11.52 percent), the third - Germany (+10.85 percent), the fourth - Slovakia (+9.13 percent), Estonia is the fifth (+ 8.28 percent).
Which countries have experienced the most significant decline in property prices? In Egypt, prices fell by 17 percent, in Pakistan - by 4.62 percent, in Puerto Rico - by 4.44 percent, in Malta - by 3.51 percent, in the United Arab Emirates - by 3.27 percent.