The situation in the global real estate market varies. In the UAE, Brazil and Hong Kong housing prices exceeded 10% for the year. At the same time, houses and apartments in Greece, Spain and Ireland are much cheaper. U.S. housing market recovery continues. House Price Index for the third quarter of 2012 rose by 2.31% year on year. It is reported portal Global Property Guide.
Dubai property market is also growing rapidly - at an annual rate prices jumped by 13.46% to inflation.
In some European countries, despite the crisis, there has been a revival. Thus, prices in Ireland fell by only 13.17% year on year, which is the smallest decline since the first quarter of 2011. In addition, the cost of housing has increased in Austria, Turkey, Latvia, Germany, Iceland and Finland.