real estate report: Why Asia missed the global house price boom: an in-depth analysis
- 03/24/07 01:41 AM
Globally, we are witnessing the biggest and most extensive house price boom in recorded history, both in terms of the number of countries experiencing real house price gains, and the number of successive years that house prices have been rising. However, while property in much of the developed world is at historic peaks, property prices in most Asian countries are well below peak levels. Here, the Global Property Guide explores why. Essentially property prices in Asia have lagged for three reasons: The Asian Crisis caused a long period of high interest rates, and an economic slowdown, which slowed the … (3 comments)
Globally, we are witnessing the biggest and most extensive house price boom in recorded history, both in terms of the number of countries experiencing real house price gains, and the number of successive years that house prices have been rising. ;)
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