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Global Market Roundup Q1 2018

April 23, 2018Article by Charlotte Ashton

Every quarter we release our Global Market Roundup – a continent-by-continent summary of the latest data, regulatory changes, and other news relating to property around the world. Hot off the press, the most recent edition can be downloaded here.

As an additional time-saver, we’ve distilled the key points below:

Latest Rankings:

  • Knight Frank’s 2017 global index of national house price growth was led by Iceland with 15% average appreciation. After Hong Kong in second, the top ten was dominated by European countries including Ireland and the Czech Republic.
  • Zillow’s list of the hottest US residential markets for 2018 was topped by San Jose, California, where inventory is down and jobs are up. 8.9% growth was forecast for this year.
  • Knight Frank’s 2017 index of prime residential city markets was led by Guangzhou in China, with 27.4% growth. Shanghai and Beijing, last year’s 2nd and 3rd ranking cities, fell to 15th and 20th respectively.

Europe:

  • The French market saw sales rise substantially last year, though growth is still modest.
  • Foreigners bought a fifth more Spanish property in Q4 2017 than in the previous year.
  • Contrary to recent history, Britain’s best-performing market is Blackburn; Wandsworth is the worst.
  • The prime market in Russia is suffering due to geopolitical tensions.

Americas:

  • US investors dramatically increased their stake in European assets.
  • Investment volumes in Brazil nearly doubled last year after a depressed period.
  • Canadian industrial property is in high demand, particularly from marijuana growers.
  • An extremely valuable parcel of Mexico City land is to be sold by the government.

Asia-Pacific:

  • New Zealand is considering a ban on foreign home buyers.
  • Regulations have dampened India’s unaffordable city markets, but supply has also taken a hit.
  • Chinese buyers purchased 25% less international property last year due to capital controls.
  • The expensive Hong Kong market keeps inflating despite tightening measures.

Middle East & Africa:

  • South Africa is considering redistributing farmland, while Zimbabwe is taking steps to compensate farmers who had land confiscated in the past.
  • Rich African buyers have invested more in Kenya than any other African country; their preferred market globally is the UK.
  • Prices in Egypt plunged last year.
  • The expensive shekel has slowed foreign purchases in Israel.

For more insight and analysis see the full edition, and keep updated on the Property Frontiers blog.

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