Industry News

Global real estate price gains are shrinking

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House-price increases are still recording double-digit annual growth rates in several nations, according to a report by ResearchWorldwide.com, a real estate information company – while the appreciation rate has collapsed in a handful of countries. From mid-2004 to mid-2005, Hong Kong home prices grew 21.2 percent, while home prices jumped 17.6 percent in South Africa, 16.5 percent in New Zealand, 15.8 percent in the United States, 14.5 percent in France, 13.7 percent in Spain, and 12.2 percent in Denmark, the company reported. "There is much hype about bursting bubbles in house prices worldwide, which is not borne out by the facts. Of the 22 countries we monitor, the rate of house-price increases has remained positive in 19 countries over the past 24 months," according to the ResearchWorldwide.com announcement. Germany and Japan have been recording negative house-price increases for a number of years, and Australia has seen a miniscule 0.1 percent drop in house-price increas...