Overseas Property Market Update Q2 2010
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The 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.
According to the Global Guide Summary, "over the year to end-Q2 2010, 18 countries saw house price increases, while 18 countries saw price declines. The last quarter’s figures are similar: 17 house price rises to 19 declines. Only 6 countries saw price decreases, during the year from Q2 2009 to Q2 2010, than during the same period the previous year. 30 countries saw larger price increases, or less severe declines, than last year."
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.
Overseas Property Investment Warning!
Watch out for property investment companies trying to flog so called 'cheap' deals in these areas.
Need a check list for buying a property overseas? them email firstname.lastname@example.org or call us on 0845 838 1763.
Read the latest report from the Global Property Guide team and the Knight Frank Global Property Reports.
There are far too many stats to list here about what's happening in every country around the world! However there are four good statistics resources that are worth studying:-GLOBAL PROPERTY GUIDE ASSETZ PROPERTY FRONTIERS
SAVILLS KNIGHT FRANKUseful Resources
REAL ESTATE TV HOMES OVERSEAS
For more market commentary on homes and investments overseas:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit ABOUT US, see Kate on video
and for media appearances, contact:
Sylvia Tidy-HarrisSTH Management
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