Singapore Ranked 123rd, Out Of 150 Countries For Residential Price Growth

Singapore was listed 123rd over hundred and fifty countries as home prices in the nation soared by only 0.7% y-o-y during the third quart of 2020, revealed Knight Frank Global Residential Cities Index.

The Philippines tipped the positioning, with , MNL, publishing an almost 35percent year-on-year surge in property values.

Turkish towns Izmir (28 %), Ankara (twenty seven percent) and Istanbul (twenty six percent) obtained the 2nd, 3rd and 4th positions, accordingly, whilst Russia’s St Petersburg (nineteen percent) completed the top 5.

One Bernam – developer

The index’s every year progression rate grew between quart 2 ’20 and quarter three 2K20, from 4.1 percent ending with 4.7 %, by having eighteen cities providing price tag hikes of beyond 10 % y-o-y, compared to sixteen percent in 2nd quarter 2020.

” Every point of views are currently on fourth quart information while we may likely witness better regional differences emerge,” stated Knight Frank Research.

” Europe may observe price growth conservative in 4th quart due to most recent lockdowns, before a more launch of pent up demand in 1st quarter 2021, while purchases also figures inside some areas of Asia might begin to acquire grip.”

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