Signs Of Recovery In Global Housing Markets

26-Aug-2009
The world's housing markets are starting to show signs of recovery, says a report from the Global Property Guide…

The Global Property Guide has issued its latest survey of worldwide house price indices.

Here are the key findings for Q2 2009:

 
  • Nine countries improved their year-on-year performance to end-Q2 2009, compared with only six countries to end-Q1 2009. 
  • Seven countries saw house prices rebound in Q2 2009 after declines in 2008. These were China, Portugal, Australia, New Zealand, France, Sweden and Hong Kong.
  • However, most countries suffered sharp house price falls during the year to end-Q2 2009, so that the general situation remains negative.
  • The Latvian housing market was the worst performer with house prices dropping by 26.75 per cent in Q2 2009, and by 60.81 per cent in H1 2009.
  • House prices in the UK were 2.21 per cent lower (inflation-adjusted) in Q2 2009 than in the first quarter of the year.

Read the complete Global Property Guide Q2 2009 survey

Related story:

Gloom Continues In Global Property Market
Gloom Continues In Global Property Market
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Global house price falls have hit their worst ever level, according to a new report…...More

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