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.
International property consultant Knight Frank is reporting this week that Turkey leads their quarterly global home price appreciation index for the third consecutive quarter of 2020 with annual price growth of 27%.
According to Knight Frank's latest Global House Price Index for Q2, 2020, Turkey leads the annual rankings with prices up 25% year-on-year.
A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.
According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years.
Posted on December 06, 2019