The best real estate markets on earth over the last decade

Many countries have averaged greater than 10% annual gains

New York /
Feb.February 23, 2020 04:00 PM
Clockwise from right: Hong Kong; Columbo, Sri Lanka; and Zagreb, Croatia (Credit: Wikipedia, iStock)

Clockwise from right: Hong Kong; Columbo, Sri Lanka; and Zagreb, Croatia (Credit: Wikipedia, iStock)

It’s been quite the decade economically in many parts of the world, and it shows in the values of homes.

Home values have more than doubled over the last 10 years in eight countries and territories across the world, according to a New York Times analysis. The analysis ranked places by the percentage increase in home values over the last 10 years, five years, and one year.

Nowhere have estimated home values increased by more than in Hong Kong. A house there is likely worth 193 percent more today than it was in 2010, according to the Times. In Brazil over that period, home values have shot up 152 percent.

The other countries where values increased by more than 100 percent are Peru, Chile, Estonia, Colombia, Malaysia, and Iceland. The U.S. didn’t make the top 15 list, but its neighbor to the north has experienced a 74 percent increase in home values.

Home price growth in the U.S. slowed last year as developers continued to deliver new inventory across the country.

Homes Sri Lanka have appreciated by 66 percent over the last five years. China, Turkey, Malta, and Iceland weren’t far behind —all saw average annual increases of more than 10 percent over that period.

Many countries that saw outsized long-term gains did not rank high in appreciation over the last year. Poland, Croatia, Germany, and Puerto Rico topped that category with 11 percent increases.

Value growth seems to be most consistent in Germany, Chile, and New Zealand — they were the only three countries that were top 15 for growth for each time period. [NYT] – Dennis Lynch


Related Articles

arrow_forward_ios
Case-Shiller, Home Prices, Housing Market, Residential Real Estate
US home prices lose more momentum
US home prices lose more momentum
KPMG chief economist Diane Swonk (Getty Images, KPMG, YouTube/LAI)
US home prices falling 15% looks “conservative”: KPMG
US home prices falling 15% looks “conservative”: KPMG
Case-Shiller, Home Prices, Housing Market,
U.S. home prices declined in August with record drop
U.S. home prices declined in August with record drop
Residential Real Estate, South Florida Real Estate, Florida, Home Sales, Home Prices
Investors eye Florida homes damaged by Hurricane Ian
Investors eye Florida homes damaged by Hurricane Ian
(Photo Illustration by The Real Deal with Getty)
Economists predict “ugly” fourth quarter for US housing market
Economists predict “ugly” fourth quarter for US housing market
(Illustration by The Real Deal with Getty Images)
Home prices cooled at historic rate in July
Home prices cooled at historic rate in July
Martha’s Vineyard, home prices, inflation
On Martha’s Vineyard, even doctors priced out of homes
On Martha’s Vineyard, even doctors priced out of homes
Residential Real Estate, Housing Market, Home Prices, Case-Shiller
Home price growth continues to slow
Home price growth continues to slow
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...