Manila topped the list for two consecutive quarters.
Manila, the philippines, continued to lead the global market in the first quarter of 2020, according to the global urban housing price index (Global Residential Cities) released on tuesday by real estate agency and consulting firm laifang international.
In the first three months of the year, Manila's home prices rose 22% year-on-year, ranking first for two consecutive quarters, the agency said.
government statistics or central bank data are used to track home prices in 150 cities around the world. Among them ,85% of cities achieved a year-on-year increase in house prices in the first quarter.
According to laifang international, the report covers the three months ending march 31, at a time when the outbreak of neo-crown pneumonia hit parts of asia but has not yet affected much of europe, north america or south america.
Budapest, Hungary, and Izmir, Turkey, ranked second, with house prices up 16.3% year-on-year.
Ankara, Turkey, followed by Zagreb, Croatia, reported an annual rate of 14.8 per cent and 14.7 per cent in the first quarter.
The average growth rate for all 150 cities was 4.3 per cent.
Kate Everett-Allen, head of Knight Frank International's Global Residential Research Department, said in the report, "Although the overall trend of the index is unlikely to fluctuate in the future, we expect that in the next 6 to 12 months, each city The ranking will change significantly. Those markets that can effectively contain the epidemic and lift the blockade as soon as possible are more likely to show strong recovery momentum."
In U.S. cities, Phoenix and Seattle and Seattle were among the highest year-on-year increases ,8.1 percent and 6.9 percent respectively.
London and in London and Manchester rose 4.6 percent from a year earlier, tied for first place in all British cities.
Abu Dhabi is at the bottom, with home prices down 8.6% in the first quarter from a year earlier.
