Global Housing Prices Surge, Hong Kong Ranks Among the Top Three in Growth

Global Housing Prices Surge, Hong Kong Ranks Among the Top Three in Growth

Global housing prices are surging, with Hong Kong ranking among the top three in growth. Find the best immigration information on the Worldway investment immigration official website.

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Hong Kong immigration circles are following Hong Kong living news: The Global Property Guide released its latest survey yesterday (the 23rd), finding that global housing prices generally rose in the second quarter of this year, with Hong Kong's growth rate ranking among the top three globally.

 

Global Housing Prices Surge, Hong Kong Ranks Among the Top Three in Growth

 

The latest report from the Global Property Guide (GPG) states that global real estate prices generally rose in the second quarter of 2013 (April-June), marking the best performance since 2006-2007. Among them, the "capital of the wealthy," Dubai, saw the highest growth at 17.99%, while Taiwan (14.5%) and Hong Kong (13.7%) also entered the global top three with significant growth. Beijing's growth also exceeded 10%, following closely in fourth place globally, and other Asia-Pacific real estate markets also showed significant growth.

GPG's survey shows that after adjusting for inflation, out of the 42 regions with published housing price information, 34 countries and regions saw housing price increases, while only 8 saw declines. Among them, the Asian real estate market is growing strongly, with 5 of the 6 best-performing regions globally located in Asia, including Taiwan, Hong Kong, and Beijing.

Data shows that Hong Kong's housing prices in the second quarter rose by 13.7% compared to the same period last year, and Beijing's secondary residential price index also climbed by 10.69%. Housing prices in the Philippines, Japan, Indonesia, New Delhi (India), Thailand, and Singapore have all risen across the board.


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