2023-07-04-莱坊-Global_House_Price_Index_Q1_2023_2页_102kb

The Knight Frank Global House Price Index for Q1 2023 indicates a significant slowdown in global housing price growth. The annual rate dropped to 3.6%, the slowest pace since Q1 2023, primarily due to high inflation and central banks' efforts to curb it by adopting more orthodox monetary policies. Turkey led with a 132.8% annual increase, while Eastern and south-eastern European countries showed strong performance due to high demand and limited supply. Conversely, markets like South Korea, New Zealand, and Hong Kong experienced declines. Overall, 17 markets had annual price falls, with supply constraints and affordability issues persisting in many regions. New Zealand faced sharp price correction but may see a recovery soon. The outlook remains cautious, with inflation staying stubbornly high and interest rate cuts potentially delayed, affecting market liquidity for 12+ months. Top performers include Turkey, North Macedonia, Croatia, and Hungary, while bottom performers are South Korea, New Zealand, Hong Kong SAR, and South Africa.