The global housing boom appears now to be losing momentum, with most of the Middle East, Latin America, New Zealand and some parts of Asia experiencing either house price falls or a deceleration of house price rises. However, Europe, Hong Kong and Canada continue to experience strong price rises.
The five strongest housing markets in our global house price survey for the second quarter of 2017 were: Iceland (+21.28%), Hong Kong (+19.27%), Ireland (+13.52%), Canada (+13.08%), and Romania (+8.87%). During the second quarter of 2017 house prices rose in 28 out of the 43 world’s housing markets which have so far published housing statistics, using inflation-adjusted figures. The more upbeat nominal figures, more familiar to the public, showed house price rises in 33 countries, and declines in 10 countries.