{"id":6963,"date":"2021-01-07T22:33:17","date_gmt":"2021-01-07T19:33:17","guid":{"rendered":"https:\/\/tamturkey.com\/%d8%b1%d8%aa%d8%a8%d9%87-%d8%af%d9%88%d9%85-%d8%b4%d9%87%d8%b1-%d8%a7%d8%b2%d9%85%db%8c%d8%b1-%d8%a8%d8%a7-27-%d8%b1%d8%b4%d8%af-%d9%82%db%8c%d9%85%d8%aa-%d8%af%d8%b1-%d8%a2%d8%ae%d8%b1%db%8c%d9%86\/"},"modified":"2021-01-08T23:59:19","modified_gmt":"2021-01-08T20:59:19","slug":"izmir-ranks-second-with-27-price-growth-in-the-latest-global-list-of-residential-cities","status":"publish","type":"post","link":"https:\/\/tamestate.com\/en\/izmir-ranks-second-with-27-price-growth-in-the-latest-global-list-of-residential-cities\/","title":{"rendered":"Izmir ranks second with 27% price growth in the latest global list of residential cities"},"content":{"rendered":"
Izmir ranks second with 27% price growth in the latest global list of residential cities<\/p>\n
Manila Top-Ranked City in Latest Global Residential Cities Index<\/p>\n
Knight Frank’s latest Global Residential Cities Index is showing 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.<\/p>\n
Far from the death of the city this suggests demand has proved resilient during the pandemic with few discounted or distressed sales.<\/p>\n
Call via WhatsApp and Telegram<\/strong><\/p>\n 8939 288 552 90+<\/strong><\/a><\/p>\n Record low interest rates, huge fiscal stimulus measures as well as a release of pent up demand in Q3 are behind the uptick in price growth, and with travel restrictions during this period buyer demand was largely domestic in nature.<\/p>\n Emerging markets are leading the way with Manila witnessing stellar price growth of 35% year-on-year. Banks in the Philippines are reporting strong demand for high-end projects and an increase in construction and labor costs. In Turkey, the cities of Izmir (28%), Ankara (27%) and Istanbul (26%) occupy second, third and fourth place respectively with St Petersburg (19%) completing the top five.<\/p>\n Despite 20 rounds of cooling measures in the last few years, Seoul continues to register annual price growth of 15%, buoyed by its quick economic rebound and a degree of speculative activity.<\/p>\n Four Canadian cities (Ottawa, Halifax Montreal and Hamilton) now sit in the top 20 with news this month that Canada is considering a countrywide foreign buyer tax. US cities have also risen up the rankings with three making it into the top 20 (Phoenix, Seattle and San Diego).<\/p>\n Some 15% of cities saw prices decline in the year to Q3 2020, with cities in India, Spain and the UAE well represented.<\/p>\n All eyes are now on Q4 data when we may see greater regional variations emerge. Europe may see price growth moderate in Q4 due to recent lockdowns, before a further release of pent up demand in Q1 2021, whilst sales and prices in some parts of Asia may start to gain traction.<\/p>\n Real Estate Buying and Permanent Residence Consultants in Turkey, click here for advice on WhatsApp<\/a>.<\/p>\n Get in touch with all Turkish consultants<\/p>\n Call via WhatsApp and Telegram<\/strong><\/p>\n +905522888939<\/p>\n WHATSAPP : https:\/\/wa.me\/905522888939<\/a><\/p>\n
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WHATSAPP : https:\/\/wa.me\/905522888939<\/a><\/p>\n