Sharmeen Khan’s Post

Hungarian real estate prices show a record increase in Europe. With the overall house price index reaching 291 percent of the 2015 base, Hungary leads the EU in housing price growth. #realestate #market #housing #KSH https://lnkd.in/dMfTYANA

The decline of new residential housing sales continued to slowdown in August 2024. The YTD sales dropped 25% comparing to same period of 2023 (Jan to Aug), the 2024 YTD sales YoY negative growth rates have been reduced in the past months, from -35% in Feb, -32% in Apr and -27% in Jun. The falling housing sales has been a main dragger on the economy, and government has introduced new policies in May try to stabilize the property market. #investing #chinaAShare #ChinaRealEstate #ChinaValueStocks

📈 Surge in Real Estate Prices in Türkiye! In a significant market development, the cost of a square meter of residential real estate in Türkiye has surpassed 30,000 Turkish Lira (TL), reaching an average of 30,900 TL. This marks a milestone in the housing market, reflecting the ongoing demand despite fluctuating economic indicators. 🏠 After the slowest growth in prices since December 2021, January 2024 was noted for its low performance over the past 25 months. In response to rising real estate prices and interest rates on housing loans, many investors have shifted towards alternative investments like precious metals and currencies. Notably, the largest housing inventory for sale is currently in the Marmara region. Despite the slower pace, the cost of living spaces continues to climb, with a typical 100-square-meter residence now valued at approximately 3.09 million TL. Interestingly, while property prices in TL have risen, the currency-adjusted cost of real estate has been gradually declining over recent months—a critical point for potential buyers already eyeing the market. At BARNES Türkiye, we are committed to helping our clients navigate these complex market conditions and find strategic investment opportunities. Contact us today to explore your options in Türkiye’s dynamic real estate sector! #RealEstateTürkiye #PropertyMarket #InvestInTürkiye #BarnesTurkiye #MarketTrends

🏠 Türkiye's housing market continues to show robust growth. The average price of a housing unit has surpassed 3.2 million Turkish Lira (TL), favoring investors despite challenges for buyers. Nationally, residential property investments now boast a reduced average payback period of 15 years, dropping to as low as 11-12 years in some provinces. 📊 According to Endeksa, the average cost per square meter of housing in Türkiye stands at 25,111 TL, with the average cost of a single residence totaling 3,264,430 TL. 📈 March 2024 witnessed a notable uptick in sales, marking a 12% increase from February. New build transactions grew by 5% compared to the same period last year, while the secondary market saw a 9% rise from February 2024.

🏡 Canadian Housing Trends 📈 This graph shows the fluctuating average residential prices across Canada over the years, highlighting the dynamic nature of the national housing market. The data provides valuable insights for home buyers and investors.

Australian residential property market has hit an estimated $11 Trillion in value, an increase of $900 Billion over the last 12 months! National values rose by 1% over the September quarter, which is the slowest since March 2023 quarter. The annual growth rate has slowed to 6.7%, coming of a high earlier this year of 9.7% (Brisbane has recorded annual growth of 14.5%). Kaytlin Ezzy an economist from CoreLogic Australia have attributed the slow down in price growth to the increased listing volumes and cautious buyer activity.

Foreign buyers purchased 5,360 homes last financial year If you’re wondering what percentage of Australian properties are bought by foreign buyers in any given year, the answer is – not many. The latest Treasury data on foreign investment reveals that, during the 2022-23 financial year, there were 5,360 residential real estate purchases with a level of foreign ownership. By comparison, buyers of all kinds make about 500,000 purchases in any given year, which means foreign buyers represent about 1% of the total. Foreign buyers are generally required to purchase new homes, to help increase the housing supply. However, they can also buy vacant land (if they build on it within four years) or established dwellings (if they're temporary residents who live in the home and then sell it when they leave the country).

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The foreign appetite for residential property in Spain was the second-highest on record after the boom year of 2022, confirm the latest figures from the Spanish Housing Ministry. There were 123,189 homes bought by foreigners in 2023, a decline of 8pc compared to the post-pandemic boom year of 2022, and the second-highest number on record, as illustrated by the chart above. Overall sales including both local and foreign buyers totalled 638,522 in the year, down 11pc, and the third best year in over a decade. As local demand fell more than foreign demand, the market share of foreign buyers rose to a record level of 19.3pc last year, as illustrated by the next chart. https://lnkd.in/emwgtt2i

Indices of residential property prices (Bank of Greece data) Ιn the second quarter of 2024, the annual rate of change in apartment prices for the entire country stood at 9.2% (2024 q1: 10.6%). In 2023, apartment prices increased by an average annual rate of 13.8%, compared with an average increase of 11.9% in 2022. Broken down by region, the annual rate of change in prices of apartments in the second quarter of 2024 was 9.1% in Athens, 12.1% in Thessaloniki, 7.3% in other cities and 10.4% in other areas of Greece. On the contrary, residential investment (seasonally adjusted ELSTAT data at constant prices) decreased, on an annual basis, by 7.1% in 2024:Q2 and still remains at a low level as a percentage of GDP (1.8%).