Prices of houses grew at record-breaking pace globally, Slovakia in top five

Growth of prices in V4 countries was significantly slower.

Illustrative stock photoIllustrative stock photo (Source: Sme)

The growth in house prices grew at the steepest rate globally since before the financial crisis. Among the countries with the most significant growth of prices is Slovakia, which placed fourth in the ranking of 55 countries.

The Global House Price Index conducted by the company Knight Frank reports that the prices of houses grew by 7.3 percent on average in the first quarter of the q-o-q comparison. It is the most significant pace of growth since the fourth quarter of 2006, the TASR newswire reported.

Thousands of flats? The state is sitting on a fortune worth billions Read more 

The steepest growth of house prices was noticed by Turkey, where prices grew by 32 percent. Second was New Zealand with a growth of 22.1 percent, third was Luxembourg with a growth of 16.6 percent and then Slovakia, where the growth of prices reached 15.5 percent. Fifth place belongs to the US with a growth of 13.2 percent, which is the most significant growth since December 2005.

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