Property price declines increased 2020

Knight Frank’s Global House Price Index Q2 2020

Share Pia Arrieta | Sep 9 2020

Just released, Knight Frank’s Global Price Index tracks the performance of over 50 mainstream national housing markets around the world using official data from Central Banks or National Statistic Offices in each country.

Property price declines increased 2020

The proportion of markets registering annual price declines increased in Q2 2020 – Source: The Knight Frank House Price Index

Key findings include:

  • 4.7% Average annual change un prices across 56 countries and territories.
  • Covid-19 has led to delays in the reporting of official house price indices, only 29 of the 56 markets we track have reported data to June 2020.
  • Nonetheless, the data still provides a glimpse into the impact of Covid-19 with the number of markets seeing a decline in prices year-on-year rising to 9% this quarter.
  • Turkey leads the annual rankings with prices up 25% year-on-year but it’s worth noting inflation currently sits at around 12%.
  • New Zealand, Germany and South Korea, three countries that were initially thought to have dealt with the pandemic effectively registered mixed results.
  • European countries occupy 18 of the top 20 rankings this quarter with Baltic, Central and Eastern European nations well represented.

Read the full report here: Knight Frank’s Global House Price Index Q2 2020.

Property price increase 2020

Four world regions see average price growth increase in Q2 2020 – Source: The Kight Frank Global House Price Index

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