S’pore was ranked 123rd out of hundred and fifty countries as property values in the nation soared by just 0.3 less than 1% y-o-y during the 3rd quarter of ’20, presented Knight Frank Global Residential Cities Index.
The PHP lead the rating, by having its capital, Manila, publishing a 34.9% y-o-y increase in house rates.
Turkish cities Izmir (28 percent), Ankara (twenty seven percent) plus Istanbul (26 percent) took possession of the second, 4th and 3rd positions, accordingly, whilst Russia’s St Petersburg (19 %) rounded off the lead five.
The index’s every year progression rate raised between Q2 ’20 plus 3rd quart 2020, from 4.1 % ending with 4.7 percent, with 18 cities reporting value spike of more than ten percent year-on-year, compared to 16 in Q2 2020.
” All views are now on fourth quart records while we may find better regional variants arise,” mentioned Knight Frank Research.
” EU might see cost growing limited during fourth quarter because of the recent lockdowns, before a future launch of pent up need in quarter one 2021, whilst sales and figures around a few parts of Asia might begin to achieve resistance.”