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Juwai Infographic: Global Property Price Trends Q1 2017
By Juwai, 11 August 2017
With most the world’s housing markets on a decline, which housing markets dominated in Q1 2017?
According to our Q1 2017 Global Property Index (GPI) Report, it’s Hong Kong, which saw its housing prices spike 17.27% y-o-y in the first quarter of the year.
This is thanks to investor demand for Hong Kong property, which has remained largely unaffected by the Hong Kong government’s move to increase its stamp duty on non-first time homebuyers.
The five strongest markets in Q1 2017 were Hong Kong (+17.27%); Iceland (+16.01%); Shanghai, China (+13.16%); Canada (+11.70%); and Ireland (+8.91%).
Elsewhere, housing markets in the Middle East, Latin America, and parts of Asia have begun to lose momentum, with Egypt being the worst-performing market of Q1 2017 due to the devaluation of the Egyptian pound late last year, which led to property prices declining -16.68.
We put the spotlight on 15 housing markets in our Juwai Global Property Price Trends Q1 2017 infographic below:
Read our summary of the Q1 2017 Global Property Index (GPI) report or download the full report in Chinese here!