1. Iceland — +12,88%
The country shows the best dynamics of prices in the real estate market. For 2017 real estate has risen in price by 12.88%, this is the maximum growth since 2005. The rise in prices is associated with an increase in the number of tourists visiting Iceland (in 2017 Iceland was visited by a record number of tourists, 2.2 million people), as well as with a limited supply, especially in the capital city, Reykjavik.
However, if we compare quarterly, in the 4th quarter prices for residential real estate fell by 1.11% compared to the previous quarter.
According to forecasts, the country's GDP will grow by 3.2%. In 2017, growth was 3.4%; in 2016 - 7.2%; and in 2015 - 4,1%.
2. Hong Kong — +12,81%
There is a real boom in the real estate market in Hong Kong, and this is even despite the increase in government duties for those who buy real estate for the first time. Moreover, as early as May 2017, affordable loans for residential and commercial real estate were reduced. Prices for residential property in Hong Kong rose in 2017 by 12.81%. In 2016, growth was 6.61%, in 2015 - 0.11%, in 2014 - 8.22%, and in 2013 - 3.3%.
A quarterly increase was also recorded: in the 4th quarter of 2017, residential property prices rose by 2.54% compared to the previous quarter.
This year GDP growth from 2.7% to 3% is expected.
3. Ireland — +11,92%
In the last quarter of last year, the rise in prices for the residential real estate was 2.22%.
The country in comparison with the previous rating has risen 4 positions up and now holds the third place. In addition, the demand for real estate prevails over the supply.
The authors of the rating note that the GDP growth of the country for the year of 2017 was 7.3%, so there is nothing surprising in the growth of prices in the real estate market.
In 2017, the growth was 11.92%, in 2016 - 8.98%, in 2015 - 7.04%, in 2014 - 18.26%, and in 2013 - 6.32%.
According to the forecast, GDP in Ireland in 2018 will increase by 4.4%.
4. Macau — +9,24%
For 2017, the cost of residential property in Macau increased by 9.24%.
Large-scale investments in the infrastructure of this administrative region of China are made to develop the connection of Macao with Hong Kong and other parts of China.
However, in comparison with 2016 the growth rate decreased. In 2016, the price went up by 23.09%.
But during the last quarter prices added 5.49% compared to the 3rd quarter of the same year.
According to economists, Macau's GDP growth in 2018 is forecasted to grow by 5%.
5. Montenegro — +8,59%
The fifth place is occupied by Montenegro with a rise in real estate prices of 8.59% for 2017. Experts attribute this to the rapid economic growth, high demand for real estate, as well as tourism. At the same time, the prices growth rate in comparison with 2016 decreased: in 2016, growth was 13.36%.
But in the 4th quarter, there was a drop in prices of as much as 5.24% compared to the 3rd quarter.
It is estimated that GDP growth in 2018 will amount to 3.9%.
Many countries around the world amaze visitors with their vast size. In contrast, there are also those whose tiny size is equally surprising. In this article, we will talk about the five smallest countries on the planet.
The world of digital assets boasts a few flagship cryptocurrencies whose market capitalizations continue to impress both traders and analysts. Among them, Bitcoin stands as the undisputed leader, maintaining its top position for many years. Let's explore the other leading digital assets, true gems of the cryptocurrency space
The global financial market has numerous participants, each aiming to profit, but only a select group consistently executes multi-million-dollar transactions every day. These leading financial institutions play a pivotal role. Let's spotlight them in this article
