World's Fastest Growing Real Estate Prices: 2024 Study
- A recent study shows countries with the highest increase in apartment prices per square meter from 2023 to 2024.
- Turkey tops the list with the most significant increase in apartment prices per square meter with a jump of 124.63%.
- The United Arab Emirates, though ninth in terms of price growth, shows the highest price per square meter, having the highest average income and cost of living among the listed countries.
July 25, 2024 (Investorideas.com Newswire) Deluxe Holiday Homes recently conducted a study to identify countries with the highest increase in apartment prices per square meter from 2023 to 2024. The rankings were compiled using data from Numbeo and the Bank for International Settlements (BIS).
Turkey tops the list with the most significant increase in apartment prices per square meter with a jump of 124.63%. This sharp increase contrasts the country's average income of $832.29 which is the lowest on the list and the cost of living at $697.61.
Serbia follows closely in second with an 82.66% rise in apartment prices per square meter, escalating to $4,052. Serbia remains at the lower end in terms of average income at $832 and a modest cost of living at $698, making this sharp increase stand out even more against its economic situation.
Lithuania takes the third spot with a 75.78% jump in its real estate prices per square meter. This growth comes against a backdrop of an average income of $1,624 and living expenses at $828, marking Lithuania as a country experiencing rapid property market growth while maintaining moderate living costs.
Romania, fourth in the rankings, showcased a 74.50% hike in apartment prices per square meter. With an average income of $1,093 and a cost of living at $679, Romania's significant price increase highlights a growth trend in its housing market against relatively lower living expenses.
Bulgaria takes the fifth position, witnessing a 73.46% rise in apartment prices, set against an average income of $1,262 and a cost of living at $665, highlighting a market shift contrasting relatively lower living costs.
Malta, ranking sixth, sees apartment prices per square meter increase by 47.54%. The island's average income is $1,369 with a higher cost of living at $999, reflecting a considerable growth in property prices against its Mediterranean lifestyle.
Spain, placed at seventh position, experienced a 44.34% growth in apartment prices per square meter. Spain balances this increase with an average income of $2,409 and a cost of living at $828, indicating a healthy real estate market that aligns with its economic status.
Greece holds the eighth position with a 38.47% increase. Greeks have an average income of $1,062 and face living costs at $891, situating Greece as a country with moderate growth in housing prices considering its economic environment.
The United Arab Emirates, in ninth place, shows a 34.52% increase in apartment prices per square meter. The rise is balanced, with a high average income of $3,925 and living costs at $1,116, pointing to its expensive real estate market.
Estonia rounds out the top ten with a 31.76% rise in apartment prices per square meter. With an average income of $1,790 and a cost of living at $952, Estonia presents a balanced approach to its real estate market growth.
credit and link to: https://www.deluxehomes.com/
More Info:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
