Thailand was among the countries with the fastest annual growth in house prices by the second quarter of 2020. The average cost of
apartments in Thailand increased by 8.16 percent over the year.
More house prices rose only in Turkey (+11.59%), the Philippines (+11.52%), Germany (10.85%), Slovakia (+9.13%) and Estonia (8.28%).
In other countries popular with Russian-speaking buyers, housing prices over the year changed as follows: Portugal +8.12%, the Netherlands +6.12%, Canada +5.19%, USA +5.02%, Austria +3 03%, UK +1.11%, Latvia +0.85%, Switzerland +0.61%.
House prices
real estate in Russia increased by 4.82 percent over the year.
Despite the coronavirus pandemic, global housing markets posted strong growth in the second quarter of 2020. Experts attribute this to low interest rates, which many central banks tried to compensate for the weakening economy. Housing prices increased in 33 of the 49 countries surveyed.
