While the global economic crisis has left a mark of misery, there is an incredible real estate boom in many countries of the world.
In markets such as Turkey, the Philippines or Germany, the price of houses soared in the second quarter last year, despite the profound economic effects caused by the covid-19 pandemic.
In this global ranking of increase in the value of homes, Mexico ranks 15th (and first in Latin America) and the United States 16th.
This unusual real estate boom in some areas of the planet occurs when the projections of organizations such as the International Monetary Fund (IMF) speak of a global economic contraction of 4.9% for this year and while stories of families who cannot pay your mortgages or tenants who have been with unpaid rent for months.
Countries that experienced an increase in their homes in 2020:
- Turkey
- Philippines
- Germany
- Slovakia
- Romania
- New Zealand
- Portugal
- Russia
- Netherlands
- Estonia
- Iceland
- Thailand
- Canada
- Mexico
- Lithuania
- United States
And while some families fear being left without a place to live, others are buying houses, either as an investment or to live in, in a phenomenon that reflects the social inequality that has become even more evident with the crisis.