Prediction of real estate prices in the medium and long term is one of the most popular areas in analytics, and therefore the leading world experts are working to resolve this issue. The results of their research have already been published in traveling media. First of all, it should be noted that the unambiguous trend that would be characterized by the future state of affairs around the world could not be identified. However, it is expected that this year, real estate prices in a number of cities will fall by 40 percent. In this ranking, according to experts, there will be the leading countries of Asia with their megacities Shanghai, Hong Kong and Mumbai. Among the European cities, a drop in prices is foreseen in Madrid, Geneva, Abruzzo, as well as in Cyprus.
At the same time, many cities will be able to demonstrate an increase in real estate prices. First of all, positive dynamics can manifest itself in countries such as the USA, France, Great Britain, Germany, as well as Spain and even Luxembourg. The reasons that formed the basis of such forecasts are obvious: the relative stability of the economy, the limitations of the market offers, and a sufficient number of offers from investors, which are primarily attracted by large cities of these states. Obviously, in this case, the demand for construction work will increase – for example, the filling of the concrete floor should become even more in demand.
Beijing promises to become a leader in price level in the near future. Here experts predict prices up to 10 %.
The situation in the real estate market of Ukraine, according to experts, remains ambiguous: according to some forecasts, a drop in prices can be from 5 to 15 %, although the increase in real estate prices is not excluded.