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.
International property consultant Knight Frank's latest Global Buyer Survey released this week analyzed the impact that Covid-19 had on residential buyers' attitudes to purchasing homes around the world.
According to CBRE's 2020 Korea In and Out report, foreign investment in the Korean commercial real estate market reached an estimated $1.9 billion in 2020, down 24% y-o-y, while Korean outbound commercial real estate investment volume fell 39% y-o-y to $6.3 billion in 2020.
International property consultant Knight Frank is reporting that urban house prices globally increased by 5.6% on average in 2020, up from 3.2% in 2019.
The annual rate of home price growth (worldwide) increased between Q2 and Q3 2020, from 4.1% to 4.7%, and 18 international cities saw prices rise by more than 10% year-on year, up from 16 in Q2 2020.
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