Drawing insights from historical trends, researchers expect that the real estate price growth rates will be more modest than the projected figures.
For instance, in the UK, house prices have already soared by over 67 percent in the past decade, indicating a continuation of a similar trend. Similarly, in the US, the figure stands at 112 percent, while in France, it reaches 25 percent.
The comprehensive survey garnered valuable input from 1,405 economic experts representing 133 countries. The data was collected between June 14 and July 2, 2023.
With demand reaching unprecedented heights, work patterns evolving, and economic landscapes shifting, the global real estate market is on the cusp of a remarkable transformation.
As these predictions manifest into reality, policymakers, investors, and prospective buyers will need to deftly navigate the evolving market dynamics and adapt to the changing realities of the real estate landscape.
Source: Helsinki Times
