Tel Aviv
Tel Aviv ranks within the top 15 strongest global property markets. Research by eXp Israel has revealed that Tel Aviv ranks within the top 15 global cities when it comes to the highest rate of house price appreciation seen across the real estate market over the last year. Interestingly, no US city ranked in the top 15, with New York City coming in at number 16 on the list.
eXp Realty analyzed annual growth in property values across 30 global cities, with the figures showing that Tel-Aviv ranks at number 13 on the global stage. The city has seen the average value of a home increase by 4.2% over the last year.
Jerusalem sits just outside the top 20 at number 22, with an annual rate of growth of (1.2%).
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Krakow has proven to be the global hotspot when it comes to growth in real estate values over the last year, said eXp Realty. The city has seen the average value of a property increase by 24.7% when compared to this time last year.
Dubai ranks second, with real estate values up by 19.4% year on year, whilst Madrid completes the top three with growth of 18.9%.
Warsaw (+14.2%), Thessaloniki (+11%), Barcelona (+10.8%), Abu Dhabi (+10%), Porto (+8.6%), Athens (+7.5%) and Montreal (+6%) also rank within the top 10.
Other cities to have seen notable rates of annual growth include Lisbon (+4.7%), Mumbai (+4.6%) and Manchester (+3.3%).
Real estate market performance has been more muted across Los Angeles (+1.9%), Sydney (+1.6%), Milan (+1.6%), Delhi (+1.5%), Rome (+1.5%) and Hamburg (+0.3%).
Seven of the major global real estate hotspots analyzed by eXp Realty have seen property values decline over the last year.
London has seen the most marginal decline at -0.5%, whilst the largest reductions have been seen across Berlin (-6.2%) and Paris (-5.5%).
Berlin came in at the bottom of the list at number 30.
