Global House Price Index Q2 2021(Knight Frank)

The pandemic-induced housing boom continues with prices rising by 9.2% on average across 55 countries and territories in the year to June 2021. Ten of the world’s developed economies averaged price growth of 12% in the 12 months to June, double that seen in key developing markets (4.7%).  The rise in Hong Kong home prices is almost the fastest in Asia in the second quarter by about 2% from a quarter ago. On a quarterly basis, the growth exceeded Singapore, Mainland cities, and Korea. 

• The index is now rising at its fastest rate since Q1 2005

• A breakdown by developed and developing economies shows a more nuanced picture with developed markets outperforming by some margin

• 18 (33%) of markets tracked saw prices increase by 10% or more in the year to June 2021

• At 16.4%, Australia recorded its highest rate of annual price growth since 2003

• Purchase sentiment in the primary market is strong, the residential price in Hong Kong raised 2.6% YoY  

This article was originally published in https://www.knightfrank.com/

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