Knight Frank, the independent global property consultancy, today launches the Global House Price Index* for Q2 2018. The index tracks the movement in mainstream residential prices on a national basis across 57 markets using data from official sources such as Central Banks and National Statistics Offices.
Results for Q2 2018:
- The Knight Frank Global House Price Index increased by 4.7% in the year to June 2018. That is its slowest rate of annual growth since Q3 2016.
- Only seven of the 57 markets tracked registered falling prices over the 12 months to June 2018
- Malta (17%) leads the index for the first time, moving ahead of Hong Kong
- Central and Eastern European countries are performing strongly
- All eyes are on Hong Kong (16%), Singapore (9%) and New Zealand (7%) where new property regulations have been introduced in the last three months
David Ji, Director and Head of Research and Consultancy, Greater China, further explains, “Hong Kong’s high growth rate was fueled by the wealth effect of the booming stock market as well as the low interest environment during that period. However, since then there have been concerns such as the US-China trade war, Fed’s interest rate hike as well as the Hong Kong Government’s measures on housing that has begun to have an impact on sentiment. Still, we are forecasting house prices in Hong Kong to grow between 10-13% over the course of this year”.