Global real estate market has reached pre-crisis levels

14.12.2013 00:00
Global real estate market has reached pre-crisis levels Today, the global index of housing 4% above its previous peak in the second quarter of 2008 and 12.7% higher than the lowest price, which was recorded in the second quarter of 2009.
Global House Price Index from Knight Frank, which tracks home prices in 53 countries , as well as in Dubai and Hong Kong, gave exceeding pre-crisis levels .

The study shows that on September 2013 already 69% of the countries in question ,  abroad real estate prices show a positive trend . In 2011 the figure was only 55 %.

In the third quarter of this year, world prices on average rose 1.5 %, while the annual figures went up by 4.6%.

It is noteworthy that the high results seen in Global House Price Index, were achieved not only by actively growing prices in Dubai, China and Hong Kong , which form the top three, but thanks to a number of emerging markets . For example , from January to September 2013 Real Estate Taiwan, Indonesia , Turkey and Brazil increased by 15.4% , 13.5 % , 12.5% ​​and 11.9 %, respectively.
Content tags: Overseas property
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