In the G20 nations, while residential property prices largely continued to ascend, the rate of increase saw a decline from the previous year. Turkey leads the upward trend with a notable jump to 95.96 percent in the current month, although this is a decrease from a striking 133 percent in the previous month. Mexico, Singapore, India, Spain, and Japan show more modest gains, with all registering a slight contraction in growth rates compared to their previous values.
Conversely, several countries experienced a downturn in property prices. The Netherlands, South Korea, Australia, Germany, and Canada saw negative growth, with Canada registering the sharpest decline at -14.97 percent, a significant drop from -3.70 percent in the previous month. These figures suggest a pronounced cooling in their property markets.
This pattern of slowing price growth may reflect a variety of economic factors, including market adjustments, changes in interest rates, government policy interventions, or shifts in demand. The dumbbell plot, with its visualization of each country's price changes, succinctly conveys these complex trends, offering a snapshot of the dynamic real estate market across the G20.
Source:https://tradingeconomics.com/country-list/residential-property-prices?continent=g20
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