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Apr 5, 2012

Global Housing Indicators (April 2012)

The Economist has made an overview of updated global house-price indicators. From left to right: compared to a year ago prices rose the most in Canada, Singapore and Austria. In Ireland, Spain and Denmark prices declined the most. Compared to when the crises started house prices have even still increased 72 percent in Hong Kong and 34 percent in Singapore. They have declined 48 percent in Ireland and 30 percent in the United States.

Housing prices cannot easily be compared country by country. For example if house prices rise with income this may reflect a fundamental increase. If house prices increase a lot more than income this is probably not sustainable. If you compare house prices to rents and income per country you can make a better comparison. Compared to rents house prices are the most overvalued in Canada, New Zealand and Belgium. They are the most undervalued in Japan and Germany, and surprisingly also in the United States. Compared to income house prices are the most overvalued in Belgium and France. They are the most undervalued in Japan, China and the United States.

In total (average of rental and income) prices are most overvalued in Singapore, Canada, Hong Kong, Belgium and France. They are the least overvalued in Japan, The United States and Germany.

Due to a request by the Economist this graph has been removed. 

14 comments:

  1. The Economist house-price indicator defining many things. It's quite easy to analyse.

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  2. That chart is giving a lot of helpful in understanding different things.

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  3. The Global housing indicators of April 2012 have been described here. Know Mamore bout it

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  4. This Global House price indicators help lot people in making their decision when they are planning to invest on property globally.

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  7. Great info on global house-price indicators. Thanks for sharing

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  8. Very informative article. Good read. Thanks!

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  9. This comment has been removed by a blog administrator.

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