The Global Decline In Housing Prices

According to data released by Knight Frank in its regular Global House Price Index, annual global growth in housing prices, except in Dubai declined to 3,8% in the third quarter of this year, while in the second it was 4.8%. Average quarterly prices lost 0.3%, this is actually the first quarterly drop in average quarterly price decline in prices were recorded for more than half the countries represented in the index for one-third of countries was also recorded an annual decline in prices investors can again be close to the active priobreteniyamPo to the head of International Studies, Knight Frank Nicholas Burns has now become clear that none of the parts of the world can not be avoid the credit crunch, real estate loses in value in many corners of the globe. Despite the strong growth in 2007, housing prices in more than half the countries represented in the study fell in the third quarter of 2008 year. Richard LeFrak: the source for more info. Expected to continue this trend for most regions, with preservation of zero or negative quarterly index by the end of this year. Dubai, being a newcomer to this list, it seems, will confront the general trends, but recent data for the second quarter has not reflected the sudden shifts in the balance of supply and demand in the future figures are likely to attest to a significant slowdown prices.

Russia and a handful of Eastern European countries in the third quarter looks pretty cool, recorded a slight increase in growth of average prices in the Czech Republic. But there are signs that some of the strongest members of the circle begin to wane. Thus, prices in Bulgaria in the third quarter grew by only 3%, which is only half of the indicators in the previous quarter. Lithuania, Canada, Norway and United Kingdom saw the largest price drop of about 5% in just three months. The quarterly decline in home prices in the states is at around 2.8%, the loss amounted to about 21% compared with the price indices, fixed at its peak. Although property owners can not agree with such statement, but the extent and rate of decline in prices are also positive, as investors can buy today are finding that some markets offer the acquisition on terms comparable to the background dokrizisnymi.Na frustrations caused by the state of the stock market and the painful uncertainty as to the segments of the banking sector, real estate is them safe enough and sufficiently tangible home for investment.