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New boom in global house prices, says report

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02-07-2013

New boom in global house prices, says report

News: The latest Global Property Guide’s survey was released on Wednesday 26th June, providing an insightful look into the global property market and revealing an overall trend that shows not just recovery but the start of another boom. The Guide, looking at figures for the year to Q1 2013, shows what it calls, “The most significant global acceleration in house prices since the boom years of 2006/7.” Using inflation-adjusted figures, the survey shows that house prices rose in 28 of the 42 housing markets which have so far published housing statistics. The nominal figures, though, show the “depth and breadth” of the boom – in the first quarter of this year, nominal house prices rose in 30 countries and fell in only 12. The guide concludes, “The latest house price figures obviously show that the global housing slump is finally over. House prices are rising in more countries than not, and the momentum trend is clearly upwards.”
 

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