Overseas Property Market - Performing Economies Impact on Property Prices
publication date: Sep 10, 2010
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author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
Overseas Property Market - Performing Economies Impact on Property PricesThe first half of 2010 for the Global Property Market shows economies that are performing well have a direct impact on property prices. Asian markets such as Singapore and China continue to do well, with prices up over 30% year on year, although increases from Q2 versus Q1 aren't huge, so the growth in prices in 2010 is much more to do with year on year comparisons, rather than property prices rising. Other countries that are performing steadily include Australia (+15%), Norway (+6.6% ) and South Africa (+2.85%) Countries that continue to have property problems, include Spain (-5%), Poland (-6%), Russia (-8%). Out of all the countries though, it's the likes of Iceland (-9%), Bulgaria (-10%) and Ireland (-16%) that continue to suffer. READ MORE for Kate's indepth overseas property analysis and headline statistics. Thinking of buy to let or investing in property? The experts at Designs on Property have developed a pack full of comprehensive information covering all the aspects of buying and running a buy to let property. This pack also includes a FREE copy of the Which? Renting and Letting Book. Don't invest a penny without purchasing this Buying and Renting a Buy to Let Pack first! Have a property investment or overseas property question? Then email enquiries@designsonproperty.co.uk or tel 0845 838 1763 for an independent answer. |
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