China News Service, Beijing, September 15th (Pang Wuji, Wang Xiwei) Asia’s largest real estate technology company Juwai IQI (Juwai IQI) released on the 15th the "Global House Price Report for the Second Quarter of 2021", showing that global house prices rose in the second quarter Surging, house prices rose strongly in Europe, the United States, Canada and some countries and regions in the Asia-Pacific region.
This report shows that as of the second quarter of this year, double-digit housing price increases are becoming the norm in Europe, Asia Pacific, the United States and Canada, and "the scale of this wave of property market boom is unprecedented."
The report believes that low interest rates, monetary easing, and large-scale stimulus measures by the governments of some countries are the main reasons for the rise in global housing prices.
The report shows that among the 56 housing markets for which housing statistics have been published globally, the actual housing prices (that is, prices adjusted for inflation) have risen in 43 markets.
In terms of nominal housing prices, 50 of the 56 countries saw housing price increases, one country’s housing prices remained unchanged, and only five countries’ housing prices fell.
The North American housing market continues to heat up.
In the United States, despite the continued interest in housing construction driven by extremely low interest rates and large-scale government stimulus spending, limited supply has restricted sales activities, so housing prices have reached an all-time high.
Similarly, in Canada, due to strong demand and improved economic prospects, housing prices in the country's 11 major cities have experienced a two-year slowdown and have again risen strongly.
Among European countries, prices in Montenegro, Slovakia, Sweden, the Netherlands, and Germany have risen significantly.
In the Asia-Pacific region, home prices in New Zealand, South Korea, Japan, Sri Lanka and Australia are rising rapidly.
It is worth noting that in the global housing price survey in the second quarter of 2021, the strongest housing markets are New Zealand (+24.18%), Montenegro (+20.42%), the Slovak Republic (+15.96%), Sweden (+15.14%) and United States (+12.56%).
The largest year-on-year decline in house prices was in the Makati Central Business District in the Philippines (-20.93%), followed by Phnom Penh, Cambodia (-10.14%).