{"id":5999,"date":"2021-05-13T19:44:43","date_gmt":"2021-05-13T19:44:43","guid":{"rendered":"https:\/\/prestigeenterpriserealty.com\/?p=5999"},"modified":"2021-05-13T22:21:30","modified_gmt":"2021-05-13T22:21:30","slug":"panic-home-buying-over-asking-price-has-gone-global","status":"publish","type":"post","link":"https:\/\/prestigeenterpriserealty.com\/de\/index.php\/2021\/05\/13\/panic-home-buying-over-asking-price-has-gone-global\/","title":{"rendered":"Panic home buying over asking price has gone global"},"content":{"rendered":"

\"\"<\/p>\n

According to the National Association of Realtors\u00a9<\/a>. <\/strong><\/h4>\n

Existing homes sales reached its highest level in 2020 since 2006.<\/strong><\/p>\n

In 2020 the price of a house rose 9%<\/strong> and the median home price is $329,100 in March an historic high.<\/p>\n

Nearly 2 out of 3 homes sell above asking price in California. Home buyers are welling to pay up to 70%<\/strong> or more over asking price.<\/p>\n

It’s not just here in the United States according to a report by CNN.<\/p>\n

CNN business reported today that “People are panic buying homes as prices skyrocket around the world”<\/strong><\/a> in rich countries. <\/strong><\/p>\n

37 countries that are part of the Organization for Economic Cooperation and Development (OECD) rose by 6.7%<\/strong> between Q4 2019 and Q4 2020.<\/p>\n

House prices in Britain<\/strong> surged 8.5%<\/strong> in 2020 despite the worst recession in more than three centuries. That’s the highest annual growth rate since 2014, according to the Office for National Statistics.<\/p>\n

In Portugal<\/strong>, foreigners have been snapping up houses despite not being able to view the properties they’re buying. Prices there jumped 6%<\/strong> in the fourth quarter of 2020 compared with the same period a year earlier, according to Knight Frank data.<\/p>\n

In New Zealand<\/strong> \u2014 where median prices for residential property increased by more than 24%<\/strong> over the year to March to a record high \u2014 the government is under pressure to stabilize the market, according to Wendy Alexander, the acting CEO of the Real Estate Institute of New Zealand.<\/p>\n

In China<\/strong>, where house prices in “tier-1 cities” including Beijing, Shenzhen, Shanghai and Guangzhou rose by 12%<\/strong> on average year-on-year in March, “Beijing is more determined than ever to rein in property leverage,” analysts at Societe Generale said in a note last week.<\/p>\n

Read the full story “People are panic buying homes as prices skyrocket around the world”<\/a>
\nSource:CNN, OECD Analytical House Price Database.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the National Association of Realtors\u00a9. Existing homes sales reached its highest level in 2020 since 2006. In 2020 the price of a house rose 9% and the median home price is $329,100 in March an historic high. Nearly 2 out of 3 homes sell above asking price in California. Home buyers are welling […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","ngg_post_thumbnail":0,"footnotes":""},"categories":[48,42],"tags":[],"class_list":["post-5999","post","type-post","status-publish","format-standard","hentry","category-global-real-estate-market","category-ocsdrsla-real-estate-market"],"translation":{"provider":"WPGlobus","version":"3.0.1","language":"de","enabled_languages":["en","es","de","fr","ru"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"es":{"title":false,"content":false,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"fr":{"title":false,"content":false,"excerpt":false},"ru":{"title":false,"content":false,"excerpt":false}}},"yoast_head":"\nPrestige 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