THE RIS­ERS AND FALL­ERS

Yorkshire Post - Property - - PROPERTY - 1 9 10 11 12 13 14 15 47

Hong Kong, Asia Pa­cific 27.6% Main­land China, Asia Pa­cific 25.1% 3 Is­rael, Mid­dle East, 21.3% 4 Aus­tralia, Asia Pa­cific, 13.6% 5 Nor­way, Europe, 11.6% 6 Fin­land, Europe, 7.8% 7 Switzer­land, Europe, 6.9% 8 Colom­bia, South Amer­ica 6.7% New Zealand, Asia Pa­cific 6.4% Swe­den, Europe, 5.8% South Africa, Africa 5.6% Canada, North Amer­ica 5.2% Aus­tria Europe 5.2% Jersey Europe 3.6% United King­dom, Europe, 3.4% 16 Lux­em­bourg, Europe 2.4% 17 In­dia, Asia Pa­cific, 2.2% 18 In­done­sia, Asia Pa­cific, 2.0% 19 Hun­gary, Europe, 1.7% 20 Bel­gium, Europe, 0.9% 21 Singapore, Asia Pa­cific 0.5% 22 Malaysia, Asia Pa­cific, 0.4% coun­tries that recorded ten­ta­tive growth ear­lier in the year saw prices fall back again slightly in the fi­nal quar­ter as their eco­nomic re­cov­ery wob­bled. In the US for ex­am­ple, prices rose on av­er­age by al­most three per cent over­all in the sec­ond half of 2009, but ac­tu­ally fell by 0.6 per cent in the last quar­ter.

“Gen­er­ally, how­ever, most lo­ca­tions were see­ing only very 23 Por­tu­gal, Europe, 0.2% 24 Poland, Europe, 0.0% 25 Malta, Europe, -1.4% 26 Ger­many, Europe, -1.7% 27 Nether­lands, Europe, -2.0% 28 United States, -3.1% 29 Greece, Europe, -3.6% 30 Ja­pan, Asia Pa­cific, -4.0% 31 Italy, Europe, -4.2% 32 France, Europe, -4.4% 33 Spain, Europe, -6.3% 34 Czech Re­pub­lic, Europe,

-8.0% 35 Den­mark, Europe, -8.1% 36 Ice­land, Europe, -8.3% 37 Rus­sia, Europe, -9.1% 38 Croa­tia, Europe, -9.4% 39 Slo­vak Re­pub­lic, Europe

-12.3% 40 Slove­nia, Europe, -15.7% 41 Ire­land, Europe, -18.5% 42 Bul­garia, Europe, -26.3% 43 Lithua­nia, Europe, -32.1% 44 Ukraine, Europe, -35.7% 45 Es­to­nia, Europe, -40.3% 46 Dubai, UAE Mid­dle East -42.1% Latvia, Europe, -49.8% mod­er­ate falls by the end of the year. This sug­gests that 2010 could mark the be­gin­ning of the re­cov­ery for those coun­tries where prices were still fall­ing last year. There are, of course, large ques­tion marks still hang­ing over a num­ber economies, par­tic­u­larly in Europe, as the true im­pact of the credit crunch con­tin­ues to un­ravel. We should not take any­thing for granted, yet.”

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