Slovenia (15.1%) leads the Global House Price Index for the first time in Q3 2018.

Slovenia leads the Global House Price Index for the first time in Q3 2018. Average residential property values across 56 countries and territories increased by 4.3% in the year to December 2018, the lowest annual rate of growth recorded by our index since Q3 2016.

Slovenia (15.1%) now leads the index for the first time. Long term frontrunner, Hong Kong, slipped from first to 22nd place as average prices tumbled 6.2% in the final three months of 2018. The Chinese Mainland crept back up the rankings, whilst Finland and Sweden headed south.

We reported last quarter on rising prices in Central and Eastern Europe (CEE) which has been confirmed by Slovenia’s ascendancy into first place. The IMF estimates the country’s economy expanded by 4.5% in 2018 and as a member of the Eurozone, interest rates remain low aiding housing market performance.

The latest data from the Slovenian Statistical Office shows sales volumes have almost doubled from 5,700 in 2009 to over 10,000 in the year to Q3 2018.

https://content.knightfrank.com/research/84/documents/en/global-house-price-index-q4-2018-6224.pdf