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It’s not just the US housing market that’s on an absolute tear.
Home prices around the world are surging as strong demand squares off against strained supply. The average home price across 56 countries and territories rose 7.3% in the year to March 2021, according to the Knight Frank Global House Price Index. The jump marks the fastest rate of global home-price inflation since late 2006. Thirteen countries registered double-digit increases, and developing nations made up most of the top-ten gainers.
Turkey saw the largest price increase over the period, notching a 32% year-over-year bounce. New details ⇒
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