2013 World Property Market Review

16 December 2013

According to the Q3 2013 Investment Analysis undertaken by Global Property Guide, the global house price boom has continued to gather pace. Using inflation-adjusted figures, the survey revealed house prices rose in 28 of 41 housing markets, including house prices rising in 32 countries across the globe, and falling in only 9.

 

2013 Global Housing Market Highlights

 

Property prices in the USA have continued to improve – with all 20 of the major US cities seeing their average house prices increase. Lead by Las Vegas, registering inflation-adjusted year-on-year increase of 25.7%. Construction activity remains buoyant, whilst demand and economy remain strong. Select Resorts Properties have a variety of properties for sale in Las Vegas and Florida. 

 

The European property market recovery continues. With property prices soaring across Estonia (12.46%)  and Germany (9.61%). Other strong European housing markets for 2013 included Denmark, Poland, Ukraine, Switzerland, Ireland and Sweden – All of which showed better performance during the year to Q3 2013 compared to 2012.

 

The world’s weakest housing market in 2013 is Spain, with further drops in average property prices by 9.46% over the year. This has reduced from the double-digit house price falls seen during 2011 and 2012. The economy finally emerged from a two-year recession in Q3 2013, with real GDP expanding by 0.1% from the previous quarter. Therefore the 2014 Spanish property market will be one to watch with interest.

 

Other top performers of the 2013 global property market include New Zealand, Australia, Dubai and Asia.

 

Click here to read the full report.

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