Q4. 2018 Highlights
Hass Consult reveals marked and general recovery in property prices Q4 2018
- Apartment rental prices surged upwards in Q4 2018, ending three years of lacklustre growth and falling rates.
- A 15.9 per cent rise in apartment rental prices in 2018 was the strongest growth for almost a decade, since mid-2009.
- Rental prices for semi-detached houses also bounced back in 2018, rising 12.6 per cent.
- But rents for detached houses continued to suffer from weak demand, shifting up just 3.7 per cent in 2018, to regain their previous peak of early 2017 by year end.
- The final quarter of 2018 brought a small uptick in apartment sales prices after 13 consecutive months of price falls.
- But 2018 saw strong recoveries in the sales prices for semi-detached and detached houses, by 9.5 per cent and 9.7 per cent in 2018.
Property Rental Index
Property Rental Index