Housing costs are rising in India and Brazil, but falling in Greece and Ireland.

 The majority of the world's housing markets are underperforming this year, as projected. India and Brazil have the highest price increases, while Greece and Ireland have the lowest. العقارات


According to Global Property Guide's newest poll, just one-third of the nations studied saw price increases in the first quarter, while the remainder saw price declines.


The Global Property Guide has offices in Bristol, UK, and Manila, Philippines.


In 24 of the 36 nations for which quarterly house price statistics are available, prices decreased. Only 12 countries saw price increases.


Only 16 countries saw house prices fall in nominal terms throughout the year, while 20 countries saw house prices grow. However, the statistical presentation (presented on this page) of the Global Property Guide incorporates price changes after inflation. This paints a more realistic picture than the cheerful nominal figures that real estate brokers favor.


Ireland's price drops have been devastating. Prices dropped 18.95 percent year over year, compared to a 13.12 percent drop in the same period last year. During the most recent quarter, prices fell 5.19 percent. According to Global Property Guide, the Irish residential property market has been weighed down by tight lending conditions, an excess of houses, and sluggish domestic demand.


House-price losses accelerated alarmingly in Athens, Greece (-11.68 percent); Warsaw, Poland (-10.94 percent); Portugal (-10.45 percent); Spain (-9 percent); the Netherlands (-6.05 percent); and the Slovak Republic (-6.05 percent) (-5.89 percent ). This year's house price decreases were all greater than the previous year's.


Several nations whose housing markets were either recovering or just entering a downturn last year saw a severe deterioration in their position, with price drops in Finland (-2.05%), Turkey (-2.32%), Sweden (-5.34%), and Riga, Latvia over the year to end Q1 2012. (-5.83 percent ).


According to Global Property Guide, any positive changes in the momentum of the property markets in other European countries were so minor that they hardly signaled a recovery. Kiev, Ukraine (-2.51 percent), Croatia (-2.45 percent), the United Kingdom (-3.14 percent), Lithuania (-3.87 percent), and Bulgaria are among these countries (-6.21 percent ).


The gloom is lifted by some strong European markets. Prices in Estonia increased by 9.13 percent year over year. Prices in Austria increased by 8.24 percent year over year.


Switzerland (+5.49 percent), Norway (+5.43 percent), Russia (+3.86 percent), and Iceland (+2.25 percent) are among the other countries with strong property markets in the last 12 months. Gainers appear to be countries whose housing markets have either never suffered the recent slump (Austria, Switzerland, Norway) or are rebounding (Switzerland, Norway) (Estonia, Russia, Iceland).


Delhi prices increased by 24.41 percent in the year to Q1 2012, while they declined 0.07 percent in the latest quarter. According to NHB Residex, prices in certain other Indian cities, including as Chennai and Kolkata, have decreased year over year.


Prices in Sao Paulo rose 18.70 percent in the year to Q1 2012, but fell 2.57 percent in the most recent quarter.


Prime condominium prices in the Philippines (Makati Central Business District) increased by 7.34 percent last year. However, given the numbers are for Makati, the epicenter of the Philippines' business process outsourcing boom, they may overestimate the increase. Prices in South Korea were up 2.67 percent from a year ago.


Due to government actions enacted last year, housing markets in the rest of Asia cooled in the year to Q1 2012. After rising 19.80 percent the previous year, prices in Hong Kong rose only 0.19 percent this year. Indonesia (-0.13 percent), Singapore (-1.36 percent), Tokyo, Japan (-2.64 percent), and Shanghai, China all saw price drops (-3.68 percent ).


According to the Federal Housing Finance Agency's (FHFA) seasonally adjusted purchase-only house price index, prices in the United States increased 0.48 percent year over year, with a quarterly increase of 0.55 percent. Inflation-adjusted terms, prices in the United States were still down 2.27 percent from a year ago. However, this is an improvement over last year's price drop of 7.44 percent.


In the first quarter of 2012, house prices in Israel were down 4.94 percent year on year. Prices have been impacted by global uncertainties as well as Israeli government and Bank of Israel actions. The drop comes amid ongoing public outrage over excessive costs, which began last summer and has yet to abate.


After declining 4.79 percent the previous year, house prices in New Zealand increased by 0.82 percent in the first quarter of 2012. For the past few months, sales have been brisk, with volumes at their highest since 2007.


Prices in Australia decreased for the fifth quarter in a row, down -6.04 percent from a year ago, the longest drop in a decade. Among major developed countries, the central bank has maintained the highest borrowing costs.

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