Forex Goodies

 

Knight Frank annualised house price growth and country rankings


The Knight Frank Global House Price Index is the first serious attempt to analyse pricing trends in residential property across the world on a standardised basis every quarter.

Headlines 2nd quarter 2006

  • Average global house prices stood 8.5% higher at the end of June 2006 compared to the same period 12 months earlier
  • Second quarter 2006 Global house price growth has continued to slow from the recent peak reached in 2004, average annual prices were growing by 12.3% in June 2005, overall 18 out of the 30 countries covered saw price growth slow over the last 12 months
  • The annualised growth table is led by phenomenal growth in Latvia, Bulgaria and Denmark
  • The slowest annualised price growth is experienced in Serbia, Japan and Hong Kong
  • The sharpest reversal of fortune was experienced in Hong Kong moving from 22.5% growth in mid 2005 to -2.4% falls in mid 2006

 

Annual % change at

2005 Q2

Annual % change at

2006 Q2

Rank as at 2005 Q2

Rank as at 2005 Q2

Position change 2005 Q2 to 2006 Q2

Position change from 2006 Q1 to Q2

Latvia (Riga)

73.5

45.3

1

1

0

10

Bulgaria

43.8

20.5

2

2

0

2

Denmark

15.3

15.4

9

3

6

-1

Belgium

18.9

14.9

7

4

3

13

South Africa

25.2

14.3

3

5

-2

0

Estonia (Tallinn)

19.9

12.9

6

6

0

-5

Sweden

7.7

12.8

19

7

12

3

Canada

9.5

11.8

16

8

8

8

Greece

10.4

11.8

14

9

5

4

New Zealand

13.4

10.6

12

10

2

-7

US

14.1

9.4

10

11

-1

-3

France

15.3

9.4

8

12

-4

-3

Ireland

10.1

9.4

15

13

2

-6

Spain

14.0

8.5

11

14

-3

-8

Lithuania (Vilnius)

21.7

7.0

5

15

-10

-3

Finland

4.8

6.7

21

16

5

2

Norway

9.1

6.4

17

17

0

N/A

China

8.0

5.8

18

18

0

1

Singapore

2.4

5.7

24

19

5

2

Italy

11.2

5.2

13

20

-7

-6

Hungary

1.3

4.9

26

21

5

N/A

UK

6.1

4.8

20

22

-2

-7

Australia

1.9

3.7

25

23

2

-1

Switzerland

0.8

3.4

27

24

3

-1

Austria

3.9

3.2

23

25

-2

0

Netherlands

4.4

2.0

22

26

-4

-6

Germany

0.2

0.5

28

27

1

-1

Hong Kong

22.5

-2.4

4

28

-24

0

Japan

-4.8

-2.7

29

29

0

-2

Serbia (Belgrade)

-14.8

-5.1

30

30

0

-1