Global Property Prices: The Winners And Losers
Economic uncertainty has deflated house price inflation in the west, while returns in emerging countries have bounded ahead, figures show.
Global house price inflation in quarter four of 2007 stood at an annualised 8.2 percent, down from 9.7 percent a year ago, the Knight Frank global house price index shows.
Bulgaria topped the index with growth of 33.7 percent, followed by Russia at 30 percent.
In the Far East, Singapore and Hong Kong also outperformed the market, with annual growth of 31.3 percent and 22.3 percent respectively, as did China, where prices grew 10.5 percent overall and by 20 percent in some cities.
Source: Javno - (March 17)
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