Global Home Price Annual Growth Averaged 7.3 Percent in Q1

According to Knight Frank, globally house prices rose at their fastest rate since Q4 2006. Knight Frank’s latest Global House Price Index, a means of benchmarking average prices across 56 countries and territories, increased 7.3% in the year to March 2021.

Turkey leads the rankings for annual price growth for the fifth consecutive quarter, but strip out inflation and real prices are rising at around 16% per annum.

Aside from Turkey the top ten is largely comprised of developed nations, including New Zealand (22%), the US (13%), Sweden (13%), Austria (12%) and Canada (11%)….Read more