Turkey has again become the world’s leader in housing price growth. According to Knight Frank, real estate prices in Turkey for the second quarter of 2023 increased by 96%.
In second place after Turkey among the countries popular for investment was Lithuania. During this period, housing prices there increased by 15%. The third place with 14% share Croatia and Greece. In some European countries, such as Sweden, Germany and Finland, real estate, on the contrary, has become cheaper.
Among the main reasons for the rise in prices named increase in population and a shortage of offers on the markets in most countries of the world.
In addition, a significant impact on the cost of housing had a significant impact on the growth of interest rates on loans. Delays in the implementation of new construction projects also had an impact.
