USA
In October 2024, U.S. existing home sales increased as a drop in mortgage rates offered a small boost to the housing market. The National Association of Realtors described the rise as encouraging, but affordability remains a concern due to high prices and rising interest rates. Analysts suggest that for this upward trend to last, borrowing conditions will need further improvement.
Source: U.S. existing-home sales rose in October after mortgage-rate drop
U.K.
Asking prices for homes in the U.K. dropped sharply in November 2024, marking the steepest decline for this time of year since 2018. Despite this, analysts predict a recovery in 2025 as the market stabilizes. The recent price cuts are largely due to sellers adjusting to cautious buyers but renewed economic confidence, and better interest rates could help the market bounce back in the months ahead.
Source: Asking prices for UK homes show big November dip but 2025 set for gains
Canada
Canadian home sales in October 2024 were down 6.7% year-over-year but rose 1.4% from the previous month. The national average home price held steady at $736,000, a 2.3% increase year-over-year. Vancouver stood out with stronger sales activity, reflecting steady demand despite ongoing affordability challenges. Experts point to improved borrowing conditions and strong immigration as key drivers of the trend.
Source: Canadian Home Sales Surge in October, Reaching a Two-Year High
Australia
Australia’s property market remained notably stable throughout 2024, with steady prices and consistent activity levels showing no significant downturns or spikes. Experts credit this stability to balanced supply and demand, a resilient economy, and low unemployment. Analysts expect this trend to continue into 2025, creating a favorable market for buyers and sellers.
Source: Australia's property market has seen an enormous amount of stability over the past year
Dubai
Dubai’s real estate market continues to thrive, fueled by strong demand for high-end properties and a supportive business environment. Experts highlight the emirate’s robust economic policies and growing global investor interest as key drivers of this growth. Both residential and commercial sectors are flourishing, with long-term prospects strengthened by strategic infrastructure developments.
Source: Why Dubai’s current real estate boom is here to stay
Singapore
Singapore’s home prices are projected to rise in 2025, driven by a strong economy and sustained demand, particularly in the luxury and prime property area. Analysts note that reduced cooling measures and foreign investor interest strengthen market confidence. The trend reflects similar growth expected in other global hubs like Hong Kong and Sydney.
Source: Home prices set to rise in Singapore, Hong Kong, Australia in 2025
