_Global house price index gains momentum
A year ago “slow and steady” was the order of the day with the narrative surrounding global house prices one of convergence. Our latest round-up however shows the outliers are returning.
June 08, 2017
The Knight Frank Global House Price Index* increased by 6.5% in the year to March, its highest rate of growth for three years. The results show that eleven countries recorded double digit price growth in the year to March 2017, a year earlier only four fell into this bracket.
Iceland leads the index recording average price growth of 17.8% in the year to March 2017. Price growth in China slipped marginally to 10.3% per annum with more than 45 cities having implemented home purchase restrictions.
Ahead of their 2017 elections France and the Netherlands saw price growth increase, South Korea, the UK and Germany are seeing price growth slow.
You can read the full findings of our latest Global House Price Index here.