{"id":2309,"date":"2020-09-28T18:41:03","date_gmt":"2020-09-28T18:41:03","guid":{"rendered":"https:\/\/movity.com\/?p=2309"},"modified":"2024-02-18T11:58:35","modified_gmt":"2024-02-18T11:58:35","slug":"property-price-statistics","status":"publish","type":"post","link":"https:\/\/movity.com\/blog\/property-price-statistics\/","title":{"rendered":"44 Useful Property Price Statistics for 2024"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<span style=\"font-weight: 400;\">If you want to be a millionaire, you should consider investing in property. Real estate is one of the fastest and most reliable investment options &#8211;\u00a0 but it doesn\u2019t come without risks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The best way to be sure is to know the latest <\/span><span style=\"font-weight: 400;\">property price statistics a<\/span><span style=\"font-weight: 400;\">nd study the market before you invest money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, to help you understand the market and learn more about why you should consider investing in real estate, we gathered the most fascinating stats and facts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s dive right in with some\u2026<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Remarkable Property Stats (Editor\u2019s Choice)&#8221; font_container=&#8221;tag:h2|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Local governments collected more than $1.6 trillion of revenue in 2016 through real estate in the US.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The average home in the US costs $226,000.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">About 86% of US buyers opted for used homes in 2018.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The average commercial sale value in 2019 was $1.2 million.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">More than 5 million houses are sold in the US each year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The average monthly mortgage payment in the US is $1,030.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">More than 80.7% of the housing units are in urban areas<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_column_text]<span style=\"font-weight: 400;\">Stats will help you understand exactly how much you\u2019ll need to buy a property and how much you\u2019ll earn from it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now without much ado, let\u2019s get started:<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;General Property Price Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">1. The average home price in the US is $226,000.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Zillow)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Residential property prices <\/span><span style=\"font-weight: 400;\">appear to be increasing at a rapid pace. That being said, the actual number may be higher or lower based on your city or state.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">2. Over five million homes are sold in the US every year.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">P<\/span><span style=\"font-weight: 400;\">roperty sales stats USA<\/span><span style=\"font-weight: 400;\"> reveal plenty of Americans are looking to move house every year.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">3. There are 1.3 million agents in the US.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: The National Association of Realtors)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With so many people looking to move, the number of real estate agents is also on the rise by as much as 5%. To be able to stake your claim and start your real estate career, check out our <a href=\"https:\/\/movity.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>real estate job listing<\/strong><\/a> which covers various types and possibilities, as we&#8217;ll explore each opportunity in detail.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">4. Agents usually charge 2.5% in commission.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Investopedia)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Which adds to the cost. However, some agents may be willing to bring it down to 2% or even lower.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">5. Monday is the best day to buy a house.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Redfin)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In contrast, Thursday is the best day to sell a house. Properties listed on Thursday earn $3,015 more on average.<\/span>[\/vc_column_text][vc_single_image image=&#8221;2311&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Residential Property Statistics and Facts&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">6. Hawaii is the most expensive state to buy property in.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Zillow)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Aloha State is the most expensive state to buy property, with the median listing price at $635,000 and the cost per square foot at $521.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">7. West Virginia is the cheapest state to buy property in.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Zillow)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Mountain State is the cheapest state to buy a residential property by far,\u00a0 with the median listing price at only $166,488 and the cost per square foot is $98.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">8. Lafayette, IN, and Boston, MA, are the hottest markets.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Realtor.com)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You don\u2019t normally see these two cities listed side by side. But when it comes to real estate, that\u2019s where it\u2019s at!<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">9. Dallas, Houston, and Miami are the slowest markets.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Redfin)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In yet another surprising stat, these three major cities don\u2019t seem to attract too many new homebuyers.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">10. 86% of buyers go for used homes.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: NAR Home Buyers and Sellers Generational Trends Report)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The vast majority of buyers opted for used homes in 2018, and only 14 percent of buyers chose new ones.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">11. Prices have gone up by 7.2% since 2018.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Zillow)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The USA house price index <\/span><span style=\"font-weight: 400;\">is positive, as <\/span><span style=\"font-weight: 400;\">USA house prices<\/span><span style=\"font-weight: 400;\"> have gradually increased over the last couple of years.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">12. About 33% of buyers in 2018 were first-time buyers.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: NAR Home Buyers and Sellers Generational Trends Report)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is an encouraging stat for anyone looking to stop paying the landlord for a monthly check, not to mention the occasional add ons for wear and tear.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Which brings us to:<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;USA Property Buyer Demographics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">13. 86% of people under 28 and about 52% of people between 29 and 38 were first-time buyers in 2018.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: NAR Home Buyers and Sellers Generational Trends Report, 2019<\/span><span style=\"font-weight: 400;\">)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s more, 24% of buyers in 2018 were between 39 and 63, 14% were between 64 and 72, and 7% of buyers were between 73 and 93. <\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Commercial Property Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">14. The average commercial property price in 2019 was $1.2 million.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Source: National Association of Realtors)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you thought a million bucks would buy you a decent office, you would\u2019ve been dead wrong &#8211; it\u2019s quite a bit higher than that.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">15. There has been an 11% fall in commercial sales since 2018.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: National Association of Realtors)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to reports, the total dollar volume of commercial sales has decreased significantly since 2018. There was a fall of 11% in the large market (more than $2.5 million sales) and a fall of 8% in the small market (less than 2.5 million sales).\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">16. Commercial property prices are increasing at a rate of 1.6% according to commercial property stats.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: GreenSteetAdvisors)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The latest <\/span><span style=\"font-weight: 400;\">USA housing price trends<\/span><span style=\"font-weight: 400;\"> underline steady growth in the property market.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">17. Manhattan is the most expensive city in the US to buy commercial property with an average price of $10,000 per square foot.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: CNBC)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This should come as no surprise, given how popular New York City is. After all, everyone wants a piece of the Big Apple &#8211; but it\u2019s very expensive.\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Property Market Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">18. The residential US property market was worth $27 trillion in 2019.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: The Basis Point)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s more, it is expected to increase this year. From that figure, household equity amounted to $16.4 trillion, with debt and household mortgages making up the remaining $10.9 trillion.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">19. The commercial US property market was worth $16 trillion in 2018.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Nareit)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the latest <\/span><span style=\"font-weight: 400;\">USA property price statistics<\/span><span style=\"font-weight: 400;\">, the upward trend remained consistent in 2019 and is unlikely to change in 2020.\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">20. About 5.34 million homes were sold in the country in 2018.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is a little lower than the 5.51 homes in 2017. However, the figure is expected to get a boost and hit the 5.46 million mark in 2020.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">21. The average 20-year returns from commercial property sales in the US are 9.5%.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Investopedia)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In comparison, the average revenue from residential property sales amounts to 10.6%.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">22. Real estate construction contributed over $1.15 trillion to the economic output in 2018.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: The Balance)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This equals to an impressive 6.2% of the country\u2019s GDP. It is higher than 2017\u2019s $1.13 trillion but lower than 2016\u2019s record figure of $1.19 trillion.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">23. Local governments collected more than $1.6 trillion of revenue in 2016 through real estate.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Tax Policy Center)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A major chunk of the revenue came through sales, property, and other taxes.\u00a0<\/span>[\/vc_column_text][vc_single_image image=&#8221;2312&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Urban vs Rural Property Sales Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">24. Rural housing makes up 19.3% of all housing units.\u00a0<\/span><\/h4>\n<h4><span style=\"font-weight: 400;\">(Source: Census.gov)<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Rural and <\/span><span style=\"font-weight: 400;\">urban property sales statistics <\/span><span style=\"font-weight: 400;\">show that there are about 116.9 million occupied housing units in the country. About 19.3% of these are in rural areas, and about 80.7% are in urban areas.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">25. Homeownership rates in rural areas stand at 81.1%.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Census.gov)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rural Property sales statistics<\/span><span style=\"font-weight: 400;\"> show that ownership rates are higher in rural areas than in urban areas. <a href=\"https:\/\/movity.com\/blog\/home-ownership-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Homeownership statistics<\/strong><\/a> show the rate in rural areas is 81.1%, whereas the homeownership rate in urban areas is 59.8%. <\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Property Price Growth Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">26. The <\/span><span style=\"font-weight: 400;\">residential property price indices <\/span><span style=\"font-weight: 400;\">are going up.<\/span><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/h4>\n<h4><span style=\"font-weight: 400;\">(Source: Fred)<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">At the onset of the great economic recession in 2008, the residential property price indices fell under 100. Residential property sales stats show that the market is currently recovering, with indices standing at 130 in 2019, slowly inching towards the high of 153 in 2015.\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">27. The commercial property price indices are also on the up.<\/span><\/h4>\n<h4><span style=\"font-weight: 400;\">(Source: Statista)<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">In 2009, the indices fell under 100. <\/span><span style=\"font-weight: 400;\">Commercial property sales stats<\/span><span style=\"font-weight: 400;\"> show that the market has recovered since then and currently stands at 184.9.\u00a0\u00a0\u00a0<\/span>[\/vc_column_text][vc_single_image image=&#8221;2313&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Property Prices vs Wages Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">28. The demand for luxury homes fell by about 1.6% in 2019.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: <\/span><span style=\"font-weight: 400;\">Redfin<\/span><span style=\"font-weight: 400;\">)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This was due to a rise in overall prices, but it was only a small decline.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">29. The average rent in the country is $1,650.\u00a0<\/span><\/h4>\n<h4><span style=\"font-weight: 400;\">(Source: PWC Emerging Trends in Real Estate<\/span><span style=\"font-weight: 400;\">)<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">This<\/span><span style=\"font-weight: 400;\"> amounts to approximately 30% of the average renter\u2019s income. The cost of renting has grown by about 66%.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">30. It takes the average person about 6.5 years to save for a 20% mortgage downpayment.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: CNBC<\/span><span style=\"font-weight: 400;\">, <\/span><span style=\"font-weight: 400;\">PWC Emerging Trends in Real Estate, 2019)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s more,<\/span> <span style=\"font-weight: 400;\">the average American spends over 50% of their earnings on purchasing a home. About 13% of buyers agree that saving for a downpayment is the most difficult step in the process. Despite this, only about 8% of buyers regret purchasing a house.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">31. Rural renters find it difficult to pay rent, as they bring in a median income of $25,833.\u00a0<\/span><\/h4>\n<h4><span style=\"font-weight: 400;\">(Source: HousingWire)<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">For comparison, that\u2019s about 48% less than the national average. This explains why there is less emphasis on renting in rural areas. <\/span>[\/vc_column_text][vc_single_image image=&#8221;2315&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Reasons for the Growth&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">32. The US population is growing at a rate of 0.7 percent.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Google)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This compares to 0.8% in Canada and 1.2% in India. So, there is a need for more houses, which in turn increases demand. As a result, house prices go up.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">33. About 55% of the world&#8217;s population lives in urban areas.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: <\/span><span style=\"font-weight: 400;\">UN<\/span><span style=\"font-weight: 400;\">)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And the number is expected to reach 68% by 2050. This change is causing the prices to go up due to increased demand.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Loans for Property Buyers&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">34. About 58% of home buyers use their savings to make the downpayment.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: NAR Home Buyers and Sellers Generational Trends Report, 2019)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">About 39% opt for financing. Overall, about 88% of buyers financed their home purchase.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">35. The average monthly mortgage payment is $1,030.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Washington Post)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the US Census Bureau on <a href=\"https:\/\/movity.com\/blog\/mortgage-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>mortgage statistics<\/strong><\/a>, about 97% of buyers pay their mortgages on time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now that we know the most important property price statistics for the US, let&#8217;s compare them with other countries with big real estate markets.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">36. The Spanish real estate market was in bad condition until 2016.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Global Property Guide)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">House prices fell by an incredible 41.9% from 2007 to. 2015. However, things are currently improving, and prices increasing at an annual rate of 2.08%.\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">37. The property market in the UK is dwindling.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Land Registry)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The average price in the country is \u00a3234,370, and the index stands at 122.92. Prices are growing at a rate of 1.3%, which is a little slower than expected.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">38. The Australia property market is highly volatile.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: CEIC)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It reached an all-time high in 2010 when it hit the 18.1% mark. However, 2018 showed a record low of -7.4%. The current average growth is 5.1% per quarter.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">39. India is one of the fastest-growing markets.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The growth rate of real estate across the country was estimated to be an incredible 11.2% from 2015 to 2020, up from about 10% from 2010 to 2015.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">40. Property prices in Dubai fell by 9.5% in 2018.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Global Property Guide)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When adjusted for inflation, the average loss of house prices was about 8%. Apartment prices fell by about 9.65% and villa prices were down 8.97%. <\/span><span style=\"font-weight: 400;\">Housing price statistics<\/span><span style=\"font-weight: 400;\"> show a downward trend due to lower investment in the country.\u00a0 \u00a0 <\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Top 5 Cities With the Highest Average Property Prices Across the Globe&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">41. Hong Kong is the most expensive city to rent a house in, with a monthly rent of $3,684 and a percentage change of -1%.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Business Insider)<\/span><\/p>\n<p><b>Next comes San Francisco<\/b><span style=\"font-weight: 400;\">, with a monthly rent is $3,631 with a percentage change of -1%. <\/span><b>New York City<\/b><span style=\"font-weight: 400;\"> is third, with $2,909 (2% change), followed by <\/span><b>Zurich<\/b><span style=\"font-weight: 400;\"> with $2,538 (9% change), and <\/span><b>Paris<\/b><span style=\"font-weight: 400;\"> with $2,455 (-1% change).\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">42. Hong Kong is the most expensive city to rent an office in, with 11,698 square feet worth $100 million.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: EconoTimes)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Commercial property price indices<\/span><span style=\"font-weight: 400;\"> in Hong Kong remain extremely high. Next on the list comes <\/span><b>Tokyo<\/b><span style=\"font-weight: 400;\">, where you will be able to purchase only 31,282 square feet of office space for $100 million. It\u2019s followed by <\/span><b>Paris, <\/b><span style=\"font-weight: 400;\">where the corresponding figure is 36,662 square feet, <\/span><b>Zurich<\/b><span style=\"font-weight: 400;\"> with 43,754 square feet, and <\/span><b>London<\/b><span style=\"font-weight: 400;\"> with 43,899 square feet.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">43. Hong Kong is the most expensive city to buy a house in, with an an average cost of $1,235,220 or $2,091 per square foot.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: CBRE)<\/span><\/p>\n<p><b>Singapore<\/b><span style=\"font-weight: 400;\"> is second, where an average house will cost you $874,372 ($1,063 per square foot), followed by <\/span><b>Shanghai<\/b><span style=\"font-weight: 400;\"> ($872,555 or $714 per square foot), <\/span><b>Vancouver<\/b><span style=\"font-weight: 400;\"> ($815,322) and <\/span><b>Los Angeles<\/b><span style=\"font-weight: 400;\"> ($679,220 or $466 per square foot). This is higher than the <\/span><span style=\"font-weight: 400;\">USA average price per square meter<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">44. Berlin passed rent-control legislation putting a cap on rent prices.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: The Guardian)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some more cities may follow suit. There have been recent calls for London to do so as well to alleviate the pressure on tenants, but there are no concrete plans as of now.<\/span>[\/vc_column_text][vc_single_image image=&#8221;2314&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Conclusion&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">\u201cWill the house prices go down in 2020 in the USA<\/span><span style=\"font-weight: 400;\">?\u201d is a commonly asked question.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s the thing:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Property price statistics<\/span><span style=\"font-weight: 400;\"> show that <\/span><span style=\"font-weight: 400;\">home prices in United States<\/span><span style=\"font-weight: 400;\"> will increase in the next few years. However, before you invest, make sure to do some research and consult our professionals who understand the market.\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Sources:&#8221; font_container=&#8221;tag:p|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.zillow.com\/home-values\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Zillow<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/226144\/us-existing-home-sales\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.nar.realtor\/about-nar\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">National Association of Realtors<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.investopedia.com\/articles\/active-trading\/031215\/how-real-estate-agent-and-broker-fees-work.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Investopedia<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.redfin.com\/blog\/best-day-to-list-your-home-for-sale-2019\/?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=1011565&amp;inquirySource=367\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.realtor.com\/research\/reports\/hottest-markets\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Realtor.com<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.redfin.com\/blog\/2019-march-bidding-wars\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.nar.realtor\/sites\/default\/files\/documents\/2019-home-buyer-and-seller-generational-trends-04-03-2019.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">NAR Home Buyers and Sellers Generational Trends Report<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.nar.realtor\/research-and-statistics\/research-reports\/2019-q1-commercial-real-estate-market-trends-and-outlook\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">National Association of Realtors<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.nar.realtor\/sites\/default\/files\/documents\/2019-q1-commercial-real-estate-market-trends-and-outlook-05-22-2019.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">National Association of Realtors<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.greenstreetadvisors.com\/insights\/CPPI\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">GreenSteetAdvisors<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.cnbc.com\/2018\/08\/11\/manhattan-real-estate-is-the-most-expensive-in-the-us-per-square-foo.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CNBC<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/thebasispoint.com\/size-u-s-residential-real-estate-market-27-trillion-in-2019\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Basis Point<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.reit.com\/data-research\/research\/nareit-research\/estimating-size-commercial-real-estate-market-us\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Nareit<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.investopedia.com\/ask\/answers\/060415\/what-average-annual-return-typical-long-term-investment-real-estate-sector.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Investopedia<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.thebalance.com\/how-does-real-estate-affect-the-u-s-economy-3306018\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Balance<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.taxpolicycenter.org\/briefing-book\/what-are-sources-revenue-local-governments\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Tax Policy Center<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.census.gov\/newsroom\/blogs\/random-samplings\/2016\/12\/homes_on_the_range.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Census.gov<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/fred.stlouisfed.org\/series\/QUSR628BIS\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Fred<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/936975\/commercial-property-index-usa\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.redfin.com\/blog\/luxury-homes-for-sale-price-reduction\/?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=1011565&amp;inquirySource=367\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.pwc.com\/us\/en\/asset-management\/real-estate\/assets\/pwc-emerging-trends-in-real-estate-2019.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PWC Emerging Trends in Real Estate<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.cnbc.com\/2018\/07\/13\/want-to-buy-a-house-this-is-how-long-youll-have-to-save.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CNBC<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.housingwire.com\/articles\/26134-rural-communities-struggle-to-find-affordable-rentals\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">HousingWire<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.google.com\/publicdata\/explore?ds=d5bncppjof8f9_&amp;met_y=sp_pop_grow&amp;idim=country:USA:IND:CAN&amp;hl=en&amp;dl=en\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Google<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.un.org\/development\/desa\/en\/news\/population\/2018-revision-of-world-urbanization-prospects.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">UN<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.washingtonpost.com\/realestate\/more-people-pay-their-mortgages-on-time-but-how-long-will-this-good-news-last\/2019\/02\/25\/044becba-3926-11e9-aaae-69364b2ed137_story.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Washington Post<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.globalpropertyguide.com\/Europe\/Spain\/Price-History\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Global Property Guide<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"http:\/\/landregistry.data.gov.uk\/app\/ukhpi\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Land Registry<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.ceicdata.com\/en\/indicator\/australia\/house-prices-growth\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CEIC<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/878447\/india-growth-rate-of-real-estate-industry\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.globalpropertyguide.com\/Middle-East\/United-Arab-Emirates\/Price-History\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Global Property Guide<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.businessinsider.com\/most-expensive-cities-worldwide-to-rent-an-apartment-2019-5#1-hong-kong-25\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Business Insider<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.econotimes.com\/The-5-Most-Expensive-Cities-to-Rent-Office-Space-In-and-How-to-Get-It-for-Less-1358125\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">EconoTimes<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.cbre.com\/singapore\/about\/media-centre\/singapore-remains-the-2nd-most-expensive-housing-market-in-the-world-after-hong-kong\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CBRE<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.theguardian.com\/world\/2015\/jun\/01\/rent-cap-legislation-in-force-berlin-germany\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Guardian<\/span><\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]If you want to be a millionaire, you should consider investing in property. Real estate is one of the fastest and most reliable investment options &#8211;\u00a0 but it doesn\u2019t come without risks.\u00a0 Now: The best way to be sure is to know the latest property price statistics and study the market before you invest money. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[170],"tags":[],"_links":{"self":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2309"}],"collection":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/comments?post=2309"}],"version-history":[{"count":7,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2309\/revisions"}],"predecessor-version":[{"id":2816,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2309\/revisions\/2816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/media\/2310"}],"wp:attachment":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/media?parent=2309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/categories?post=2309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/tags?post=2309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}