Romania ranked 15th in an international ranking for the price increases on its residential market in 2016, up 16 places compared to the previous year, according to Knight Frank Global House Index. The ranking includes 55 countries.

Prices in the local residential market saw an annual growth of 7.8% last year.

Iceland ranked first, with an annual growth of 14.7%, replacing Turkey, which went down to third.

The number of countries whose residential markets saw price increases rose from 43 in 2015 to 47 in 2016. Ukraine, Taiwan, Singapore, and Cyprus continue to be characterized by weak growth, either because of geopolitical crises or economic fragility or restrictive measures that stop the development of this segment.

editor@romania-insider.com