Global House Price Index Q2 2008 Frank Knight

[plusnq]

http://www.knightfrank.co.uk/press/global-price-index-q2-08.aspx

Global house price inflation continues to slow, with annual growth standing at 4.8% during Q2 2008, down from 6.1% in the previous quarter
Lithuania, Denmark and New Zealand have joined the group of countries where house prices are now falling quickly
Prices in Latvia continue to plummet, with values now 24.1% below the same time last year, the steepest drop in the index
For the fourth consecutive quarter Bulgaria tops the index, with growth of 32.2% over the year
Slovakia, Russia, the Czech Republic and Hong Kong all recorded strong annual growth of over 25%


Still looking for the global crash.



Cheers

Shane

 

[craigb]

As long as world population continues to grow and we all need to eat, drive ,work,and play this would create the need for income, ie "need is the mother of invention" people require suitable accomadation to achive these things, not every one can live with their family ,and not forever anyway.
I cant see people living with their perants in their grand perants home that was left to them by their perants, while the home next door is empty. not in this century any way.