Real estate prices in the world are growing slowly

10.09.2011 00:00
Real Estate Market Analysis | Real estate prices in the world are growing slowly In the second quarter of 2011 around the world have been fixed for the most leisurely posledenie two-year growth in house prices.

According to the company Knight Frank, the previous quarter prices rose just 0.1%. This is a very slight quarterly increase since the second quarter of 2009, writes Bloomberg.

Related article: The housing market is the U.S. unexpectedly «dipped» in October, almost 12%

Kate Everett-Allen, a member of Association of Residential Research, believes that the slowdown in prices is partly due to "problems with government debt in the southern European economies." The expert also feared that these problems may go beyond the southern European countries and spread throughout the European Union, said "Prian.ru".

Housing prices in the second quarter of 2011 fell by more than half of the 17 countries outside the euro area. Ireland topped the list, where the decline was 4.2% compared with the previous three months. This is followed by Portugal - minus 2%.

A slight increase in housing costs were noted, Germany and Britain - by 0.2%.

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