Rising prices at the global real estate market will slow in 2011 against the backdrop of weak economic growth and concern about the situation with debt, writes Bloobmerg. The most significant problem for the world market will be the ability of creditors to continue financing the industry, where debt levels are still critically high, the report said.
Prices in Hong Kong, is forecast to grow by 12% in 2011, which is lower than 18% increase this year. In general, the cost of housing in China is likely to rise by 5%, whereas this year - by 6,5%.
According to the forecast price increases in Brazil next year will be 5% after 20% in 2010.
Spain and Ireland - two countries where according to analysts, agency, property prices will fall in 2010 and 2011. Russian real estate values are likely to grow by more than 11% (this year - 8,8%).