Real Estate market: global situation

 

 

Real estate markets worldwide are stabilizing and showing signs of tentative recovery. During the first quarter of this year, when many countries continued to suffer double-digit declines in average home prices, the second quarter saw upticks in half of the countries tracked by this report, compared with the previous three months.

The strongest region was the Nordic countries, where prices rose 5.3% in Norway, 3.9% in Finland, and 3.6% in Sweden. The U.S. also saw a rebound, with a 1.7% quarterly increase in average prices. The worst-hit places are Dubai and Bulgaria, where residential property prices fell 7.5% and 9.7%, respectively.

The research hasn’t shown surprising results in the scheme of the global financial crisis. Some of the key highlights has seen Israel as the top performer with a 10.9% growth rate, followed by the Czech Republic with 9.9%.

On the contrary, the worst activities were seen in Dubai, Latvia and Singapore. Dubai recorded average price falls of 32%, Singapore 23% and Latvia 36% loss. On a quarterly basis, Dubai was the biggest loser with -40%.

In terms of best performing markets we have to underline  Thailand with a 2.7% lift in values, Israel with +2.6% and Switzerland with +2.1% were showing promising results.

 

 

Real Estate Listings

Cod. 35016

For sale Other (Land), Latvia, Bauska District, Bauskas region, Brukna road

1,166,348.20USD
For sale
Other (Land)

910200 m²
Sell forests in the total area of 91.02 hectares with 17392 m3. Forest land area of 80.53 hectares. Forest in Latvia, Bauska district. Forest property...
Cod. 34438

For sale Development Property, Latvia, Riga District, Saulkrasti, Saulīte

131,598.00USD
For sale
Development Property

9000 m²
In Saulkrasti land for sale is 9000 sq.m. for the construction of a residential building or commercial object. All communications. It is possible to d...
fully furnished B & B, style, itailian, located a few km from the line and international airport of Latvia, in a countryside overlooking a lake. Cove...
Cod. 32633

For sale House, Latvia, Sigulda, Sigulda, Atbrivotaju 41

341,180.00USD
For sale
House

300 m²
Beautiful 2-storey single family house in central Sigulda with harmonious atmosphere and high quality finishes overlooking a lovingly cared for garden...
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