Investment Analysis
As financial markets tumble, the world’s housing markets have continued to slide during the year to end-Q2 2008. Inflation-adjusted house prices fell in 21 out of the 33 countries for which there is up-to-date published data. The Baltics, the US, the UK and Ireland have led the global decline.
The financial markets are in a mess. The current US financial meltdown started when house prices started falling. Global Property Guide’s senior economist gives his take on the bailouts aimed to end one of the biggest financial crises since the Great Depression.
Weighed down by the credit crunch and high inflation, the global house price boom has ended, according to our survey of house price indicators.
Only 13 countries in which dwelling price indices are regularly published saw prices rise during the year to end Q1 2008, while 21 countries saw dwelling prices fall in real terms, i.e., after adjusting for inflation.
Asian property markets, though still relatively unaffected by the credit crunch, will soon be affected by inflation and higher interest rates, warns the Global Property Guide, because of rising food, fuel and other commodity prices.
- World property market slide worsens
- Commentary: No 'too big to fail' please
- The end of the global house price boom
- Gloomy days ahead for Asia's housing markets
- The pros and cons of rent control
- Buying a piece of the Caribbean
- Most expensive cities in 2008
- Global housing markets in review and some forecasts for 2008
- Buy to let investing in the Middle East
- Asia Pacific leads house price boom
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