Real Estate market: global situation

 

 

Real estate markets worldwide are stabilizing and showing signs of tentative recovery. During the first quarter of this year, when many countries continued to suffer double-digit declines in average home prices, the second quarter saw upticks in half of the countries tracked by this report, compared with the previous three months.

The strongest region was the Nordic countries, where prices rose 5.3% in Norway, 3.9% in Finland, and 3.6% in Sweden. The U.S. also saw a rebound, with a 1.7% quarterly increase in average prices. The worst-hit places are Dubai and Bulgaria, where residential property prices fell 7.5% and 9.7%, respectively.

The research hasn’t shown surprising results in the scheme of the global financial crisis. Some of the key highlights has seen Israel as the top performer with a 10.9% growth rate, followed by the Czech Republic with 9.9%.

On the contrary, the worst activities were seen in Dubai, Latvia and Singapore. Dubai recorded average price falls of 32%, Singapore 23% and Latvia 36% loss. On a quarterly basis, Dubai was the biggest loser with -40%.

In terms of best performing markets we have to underline  Thailand with a 2.7% lift in values, Israel with +2.6% and Switzerland with +2.1% were showing promising results.

 

 

Real Estate Listings

Cod. 36260

For sale Other (Residential), Latvia, Jelgava, Jelgava, Mātera-39

55,874.70USD
For sale
Other (Residential)

153 m²
Owner is selling 2 houses in the very centre of fifth largest town of Latvia Jelgava. 2 floor house is built from the brick and 1 store house from the...
Cod. 36254

For sale 5+ Bedrooms, Latvia, Riga, Riga, Ausekla 4

1,425,375.00USD
For sale
5+ Bedrooms

328 m²
The house is located in the heart of Riga's ambassadorial district. Size: 328 m2 Rooms: 7 Floor: 2/7 Price: 1,250,000 EUR Flat with a tenant (a...
Cod. 36237

For sale House, Latvia, Ikšķiles, Ikšķile, 2 Kalnu iela

285,075.00USD
For sale
House

300 m²
Large, bright family house in the old green area of Ikšķile surrounded by trees. Dwelling house with well-maintained territory and beautiful plot of l...
Cod. 35544

For sale Villa, Latvia, Riga District, Saulkrasti, Saulkrasti

798,210.00USD
For sale
Villa

4800 m²
New project of 2019 Residence apartments near the sea 1. Village residence,its architecture sets an example to modern style buildings in Latvia – ev...
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