Real estate markets can be dynamic and unpredictable at the same time, providing opportunities across numerous segments and underpinning overall economic growth. In this briefing, we look at indicators such as mortgaged households, rented households, house prices, and housing completions to provide the top five growth economies in each area, as well as supporting case studies.
On account of surging inflation and long-held cheap property rates, Argentina has experienced the world’s fastest growth in real estate prices over 2011-2016, as measured by Euromonitor International’s House Price Index.
An amalgamation of factors has transformed Greece into the weakest property market worldwide. Uncertainty around taxation, the imposition of the ENFIA property tax, the prolonged Greek economic crisis, and difficult access to bank loans have worked to undermine property prices.
Three countries in three different corners of the world lead across the three primary real estate rental indicators. Qatar had the world’s fastest growing market in terms of expansion in rented households over 2011-2016; Argentina led in terms of the fastest rise in rent prices over the same period; and China had the world’s largest rental market in terms of total rented households in 2016.
More US households are rented today than at any point since 1995. The sub-prime mortgage crisis of2007-2010 and the millions of foreclosures that followed, as well as a greater desire to rent for longer among Millennials, have driven the local rental market to new heights.
The world’s largest market by mortgaged households is China, closely followed by the USA. China’s volume and steady growth in mortgages offer strong opportunities in home finance.
Fyixin.com, backed by IBM and Xinyuan Real Estate, is a third-party credit provider to individuals in China. Its proprietary technology, based on block chain, helps to match borrowers with over1,000 lending products in China’s massive, and oversaturated, non-bank lending market.
The Baltic countries of Lithuania and Estonia were among the global leaders in terms of growth of housing completions (these are residential objects completed and approved as suitable for living by the local authorities) over 2011-2016.
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