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In some countries the cost of housing is still overpriced

04.12.2013
Homesoverseas.ru editorial office
66
Real estate markets in many countries are reduced, but in some countries, housing is still overvalued, according to the online source Property Wire citing data from the International Monetary Fund (IMF) report. price index increased in the second quarter of 2013 to its highest level in relation to the end of 2008. The leaders in the growth of the cost of the steel markets of Hong Kong real estate, where house prices have risen by 14.6% compared to the second quarter of 2012, Ukraine (+11 , 7%), the Philippines (+ 10%), New Zealand and Colombia (+ 8.8%), the US (+ 6.1%). The weakest performance reported in Hungary, the Netherlands and Greece, where the drop in housing prices for the year reached approximately 11%. According to the source, the value of property has increased in 32 of 51 countries with developed and emerging economies. For comparison, in the second quarter of 2009, at the peak of the financial crisis, prices have risen only in nine of all countries surveyed. According to the advisor of the research department of the IMF, in many countries, property is now overvalued. These countries, for example, include Canada, New Zealand, Norway, Belgium, Australia, Finland, United Kingdom, Sweden and Spain. In turn, considered undervalued real estate markets of Japan, Greece, Germany, Portugal and Slovenia. HomesOverseas.ru
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