Worldwide, real estate prices have made large gains over the last five years, which has raised fears in many countries about brewing housing bubbles.
In the last five years, China alone has seen prices soar more than 110 percent. The sudden spike in home prices has led the government take several efforts to try to curtail the rapid growth, such as by limiting multiple home purchases, raising interest rates, and increasing bank reserve requirements.
So where are the world’s hottest property markets? CNBC highlights the top five, basing its research on countries that have seen the highest average growth in housing prices from the fourth quarter of 2006 to the fourth quarter in 2011.
1. China
Growth in home prices from 2006-2011: 110.9%
2. Hong Kong
Growth in home prices from 2006-2011: 93.7%
*Hong Kong has the world’s priciest property.
3. Israel
Growth in home prices from 2006-2011: 54.5%
4. Singapore
Growth in home prices from 2006-2011: 50.5%
5. Colombia
Growth in home prices from 2006-2011: 39.4%
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2012/04/30/5-countries-where-housing-prices-are-soaring
At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.
Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.
If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at: manager@gayrealestate.com
