5 Fastest Growing Real Estate Markets in the World

In this article, we will take a look at the top 5 fastest-growing real estate markets in the world. If you wish to see our detailed analysis, you can go to 25 Fastest Growing Real Estate Markets in the World.

5. Hungary

Year-Over-Year House Prices Growth: 6.56%

Real GDP Growth: -0.3%

Hungary ranks among the fastest-growing real estate markets in the world. This is evident from the fact that the year-over-year growth in residential property prices in the country was reported to be 6.56% in the third quarter of 2023.

4. Russia

Year-Over-Year House Prices Growth: 10.70%

Real GDP Growth: 2.2%

In Q3 2023, the year-over-year growth in residential property prices in Russia was recorded at 10.70%. In 2023, the country’s real GDP experienced a growth of 2.2%, making Russia one of the fastest-growing real estate markets.

3. Iceland

Year-Over-Year House Prices Growth: 11.82%

Real GDP Growth: 3.3%

Iceland ranks among the rapidly growing real estate markets in the world. In the third quarter of 2023, the country recorded an 11.82% year-over-year growth in its residential property prices.

2. Israel

Year-Over-Year House Prices Growth: 14.11%

Real GDP Growth: 3.1%

Israel is another fast-growing real estate market globally. In 2023, the country’s real GDP grew by 3.1% while residential property prices grew by 14.11% year-over-year, as recorded in Q3 2023.

1. Turkey

Year-Over-Year House Prices Growth: 59.63%

Real GDP Growth: 4%

Turkey ranks at the top of the 25 fastest-growing real estate markets in the world. In 2023, the country recorded real GDP growth of 4%. In the third quarter of 2023, the year-over-year growth in residential property prices in Turkey was 59.63%.

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