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Global home prices show uneven recovery

From Global Edge

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Editor's note: This item is republished with permission from Global Edge Marketing Ltd. The original post can be viewed here.New time-series data from the Global Property Guide reveals that house prices are now rising in more countries than they are falling. During the last quarter of 2009, property prices rose in 22 of the 34 countries analyzed and fell in only 11 countries. The data suggests that recovery is now taking place in most residential property markets despite large year-on-year declines in many national markets. Asia leads the real estate recovery The largest quarter-on-quarter rises came from Asian countries, most notably Singapore (6.58 percent), Taiwan (4.7 percent) and Australia (4.63 percent). Asian countries also saw the largest year-on-year increases in 2009 with Hong Kong, Taiwan, Israel and Australia topping the table. More bad news for Ireland Ireland saw the largest drop in property prices in the final quarter of 2009. A fall of -5.83 percent is the...