The International Monetary Fund (IMF) has announced the countries with the highest rate of increase in housing prices in the world. According to the data of IMF Global Housing Monitoring Report that examined 63 countries, the country where housing prices rose the most in 2018 was Hong Kong with 13.1 percent increase.

Ukraine ranked first with a decrease of 15.2 percent in the ranking of the country where housing prices declined most compared to 2017.

Latvia is the country with the highest increase in the prices of housing for sale, while Russia is the country with the highest increase in rents compared to house prices.

IMF Global Home Price Index reached its highest level in 2018. The index, which was accepted as 100 in 2000, broke the record by over 162 in 2018. In 2018, there was a price increase of 1 percent in the UK and France, while Switzerland, Canada and Russia saw the same decline.

In the US, housing prices increased by 3.5 percent, while in China there was 3.3 percent, in Spain 4.9, in Germany 5.2, and in the Netherlands 7.9. Housing prices in Greece and Japan increased by 1.5 percent, 3 percent in Brazil, 10.9 percent in the United Arab Emirates and 13.5 percent in Qatar.

Source: IMF

Sevdenur Demir / [email protected]