Geoff Green - Arizona Real Estate

Have you ever wondered how global housing prices have changed since 2010?

Well, it turns out that in many countries, the prices of houses have been steadily increasing. While houses are a necessity, they are also an investment that many people rely on to build wealth. This increased demand, combined with other factors, has caused housing prices to skyrocket.

According to data from the Bank of International Settlements, the real residential property prices for 57 countries have been ranked by Ehsan Soltani from 2010 to 2022. Interestingly, 80% of the countries in the dataset have seen increases in housing prices over the last 12 years.

The most developed countries in the world, known as advanced economies, have seen the highest increases in housing prices. On average, the real price of housing has increased nearly 30% across all measured countries since 2010.

There are also emerging market economies, like Turkey and Chile, that have seen an 85% or higher increase in housing prices. India, Malaysia, the Philippines, and Colombia also saw real prices increase faster than the global average.

However, not all countries logged big housing price increases. Countries like France, Belgium, Croatia, China, and Singapore saw less than 20% growth in real prices.
There are also some countries that bucked the global trend and saw real housing prices fall over the last twelve years. These include Russia, Greece, and Italy with housing price drops of more than 20%.

It's important to note that these cases also allow us to see inflation in action. For example, in Russia, despite real housing prices contracting by 33%, nominal prices (which don’t account for inflation) are up more than 50%. In South Africa, where real prices have fallen 5%, nominal prices are up 72%.

Overall, it's fascinating to see how global housing prices have changed over the years. There are many factors at play, but it's clear that housing prices have been on the rise in many countries.

Calling all fix-and-flippers, deal seekers, & long-term buy and rent for cash flow investors.

Buying a fix-up home can be an excellent investment opportunity for many reasons. Here are some of the benefits of buying fix-up homes:

1. Lower Purchase Price: Fix-up homes are often priced lower than move-in-ready homes because they require some work to be done. This lower purchase price provides an opportunity to buy a property at a lower cost, which can be beneficial for those on a tight budget.

2. Increased Equity: By improving the property, homeowners can increase its value and build equity. This can be beneficial when it comes time to sell or refinance. Fixing up a home can provide an opportunity to create the home of your dreams while also building equity.

3. Personalization: Fix-up homes offer the opportunity to personalize the property to suit the homeowner's preferences and style. This can be an advantage over buying a move-in ready home that may not have the exact features or style that the homeowner desires.

4. Skill Development: Fixing up a home can be a rewarding learning experience, allowing homeowners to develop new skills and increase their knowledge of home improvement. This can be especially beneficial for those who are interested in DIY projects or want to learn more about home maintenance.

5. Potential Profit: Fix-up homes can be a smart investment if the property is improved and sold for a profit. This provides potential financial gain for the homeowner, which can be reinvested in other projects or used for other expenses.

With lower purchase prices, the potential for increased equity, personalization opportunities, skill development, potential profit, and neighborhood revitalization, there are many reasons why buying fix-up homes can be a smart financial decision.

Contact me for information on these homes and similar properties.