Saudi News, Saudi News – Riyadh: Among them are Saudi Arabia, the Emirates, Qatar and Turkey .. How have the prices of residential units affected globally during 2020? The source of the news – Saudi Arabia -cnn with details of the news, including Saudi Arabia, the Emirates, Qatar and Turkey .. How have the prices of residential units affected globally during 2020? :
According to the index, housing unit prices performed better than expected in 2020, with a growth rate of 1.9% compared to 1.8% in 2019. The report shows that in 2020, 29% of cities witnessed a decrease in prices on an annual basis, which is an increase. By 21% from 2019. Conversely, 5 markets recorded a double rise in prices in 2020, compared to only two markets during the previous year.
Auckland, New Zealand, tops the index, with average prices ending the year up 18%. New Zealand’s handling of the Coronavirus crisis, its rapid economic recovery, extremely low mortgage rates, and a limited supply of high-quality stocks have had an effect on this increase. Asian cities occupy the following three places: Shenzhen (+ 13%), Seoul (+ 12%), and Manila (+ 10%). The speed with which some Asian cities, especially mainland Chinese markets, recovered, was pushed back in a surprising trend for 2020.
At the level of the Middle East region, Istanbul ranked 42, with an increase of 3%, followed by Abu Dhabi in 71st place, where the percentage did not change, then Riyadh ranked 85, down 3.3%, Dubai ranked 95, down by 5.9%, and Doha ranked 96. Down by 6%.
In the infographic, here is a look at 100 cities around the world, evaluated annually for the year 2020 according to the rate of growth in housing unit prices.
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