Singapore Ranked 123rd, Out Of 150 Countries For Residential Price Growth
S’pore was listed hundred and twenty-third among hundred and fifty countries as home figures in the nation scaled by only 0.3 less than 1% y-o-y in the third quart of 2020, revealed Knight Frank Global Residential Cities Index.
The PHP topped the chart, by having , Manila, posting a 0.1 lesser than 35percent y-o-y hike in residential property price tags.
Turkish cities Izmir (twenty eight percent), Ankara (27 %) and also Istanbul (26 percent) obtained the 2nd, 3rd and fourth positions, each, whilst Russia’s St Petersburg (19 %) completed the lead 5.
The index’s annual progression rate intensified between quart 2 2020 plus Q3 2020, starting with 4.1 percent until 4.7 percent, with 18 cities putting up price escalation of over 10 percent y-o-y, reviewed to sixteen percent in Q2 2020.
” Every focus are now on 4th quarter records the moment we probably find more substantial regional variations develop,” stated Knight Frank Research.
” EU may encounter figure growth controlled in quarter 4 caused by present curfew, in advance of a further launch of constrained interest in first quarter ’21, at the same time deals including amounts in some areas of Asia might possibly begin to obtain resistance.”