Overseas Property Market - Performing Economies Impact on Property Prices

publication date: Sep 10, 2010
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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Overseas Property Market - Performing Economies Impact on Property Prices


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. 

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.

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