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.
Pacific markets are recovering from the crisis. Thus, the cost of housing in Australia fell to an annual rate of 1.57% - a slight fall in prices in the fourth quarter of 2010.
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.