Residential real estate in the world went up in 2010 by an average of 2,8%





28.03.2011 14:52
Real Estate Market Analysis | Residential real estate in the world went up in 2010 by an average of 2,8%

 

Real estate markets in Asia and the Middle East, an intense increase in prices, but in Europe and North America the cost of housing remained virtually unchanged.

To such conclusions analysts at Knight Frank, after analyzing data on the situation on 49 real estate markets around the world. According to a global index of housing prices of the company in 2010, most of all real estate has risen in Hong Kong (+20%), whereas in Ireland there was a very serious collapse in prices (-11%).

UK Property increased by 0,7%, Germany - 3%, Canada-4%, France - 9%. U.S. housing has fallen in price on 4,1%, in Greece - by 6% in Portugal and Spain - 4% ??and 3.5% respectively.

The projections for 2011, specialists note that home prices in the U.S. will remain the same as last year, and in Europe, possibly a small decrease in the cost of housing. In Asian countries fall in prices is unlikely, but some of the "overheated" market may be a slight correction in prices.

The growth in house prices in 2010 by region

Asia-Pacific

7,5%

Middle East

5,3%

South America

3,8%

Europe

1,4%

North America

0%


Changes in house prices in 2010 by Country:

 

Hong Kong

20,1%

Latvia

16,9%

Israel

16,2%

China

15,3%

Singapore

14,0%

Austria

9,9%

France

9,5%

India

8,9%

Poland

8,1%

Denmark

7,8%

Taiwan

7,4%

Sweden

5,2%

Germany

3,0%

Turkey

2,6%

South Africa

0,9%

Russia

0,9%

Iceland

-1,4%

Italy

-1,4%

Spain

-3,5%

Portugal

-4,0%

Greece

-6,0%

Dubai

-6,1%

Ireland

-10,8%

Guardian
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