April 2024 Real Estate Newsletter

As we continue our journey through 2024, we welcome the vibrant month of April, bridging you to the pivotal events and evolving trends worldwide. With the year progressing, April not only brings the full bloom of spring but also a surge of significant breakthroughs and memorable occurrences. Let’s delve into the standout highlights and transformative episodes that have recently shaped our global landscape.

Türkiye

• Türkiye's high inflation rates seem to continue, as March 2024 numbers are the highest since November 2022.

• Türkiye's central bank has also raised interest rates to 50%, even though it fails to curb inflation.

USA

• The American job market continues to perform positively, exceeding the expectations back-to-back.

• Property price growth rate catches the pre-pandemic levels; however, mortgage rates stand still.

UK

• The British housing market suffers from a value drop as a result of high interest rates.

• On the other hand, the head of the Bank of England stated that rate cuts are "on their way."

Europe

• Although the inflation slows down, the consumers are still reluctant to spend their money.

• The housing price increases differ across the member countries; however, the EU market generally shows signs of price growth.

China

• Despite recent struggles, the Chinese economy shows signs of a positive outlook at the end of the first quarter.

• Nevertheless, the real estate market seems to be far from a complete revival.

This is all for this month's edition. Keep following us for crucial updates about the global economy and real estate sector.