Real estate in Canada

In the second quarter of the year, the housing price index in Bulgaria increased by 15.1% year-on-year, slightly lower than the 16% rise in the first quarter. Both new homes and existing properties saw price increases, with new homes rising by 15.6% and existing ones by 14.8%.

More than three out of every four participants in a survey conducted by the Athens Chamber of Tradesmen on behalf of real estate agencies said that they are likely to buy, sell or rent out a property in the next five years.

Home sales increased by a strong 37.3 percent year-on-year in September, data from the Turkish Statistical Institute (TÜİK) has shown.

The expansion in the housing market continued for a third month in a row with sales rising 16 percent in July and 9.9 percent in August annually.

While boosting the housing stock is recognized as the only way to control real estate prices, the state remains the owner of the largest stock of vacant real estate.

It's time to find a way to put half a million state-owned properties back on the market. Not only for the sake of the revenue that will end up in state coffers, but also to deal with the scourge of unaffordable housing.

Based on available provisional data from the Bank of Greece, it is estimated that in the second quarter of 2024, apartment prices (in nominal terms) were up by an average of 9.2% compared to the corresponding quarter of 2023.

Developers are waiting to see and analyze the direction loan rates will take in 2025 before launching new projects in the housing market, which has experienced a plunge in sales for months.

Currently, both consumer and construction companies are in the wait-and-see mode in an environment of high inflation and high interest rates.