Worldwide House Price Indices - Performance Ranking
|
RANKING |
% CHANGE ON A
YEAR AGO
|
LATEST
|
DATA |
| 1. |
South
Africa |
35.5
|
2004
|
October |
| 2. |
Hong Kong |
30.2
|
2004
|
September |
| 3. |
Spain |
17.2
|
2004
|
Q2* |
| 4. |
New Zealand |
16.3
|
2004
|
September |
| 5. |
United Kingdom |
15.3
|
2004
|
October |
| 6. |
France |
14.5
|
2004
|
Q2* |
| 7. |
Israel |
12.7
|
2004
|
Q2 |
| 8. |
Norway |
12.6
|
2004
|
Q3 |
| 9. |
Ireland |
12.0
|
2004
|
September |
| 10. |
Australia |
10.9
|
2004
|
Q2* |
| 11. |
Italy |
10.8
|
2004
|
Q2* |
| 12. |
China |
10.4
|
2004
|
Q2 |
| 13. |
Sweden |
10.0
|
2004
|
Q2 |
| 14. |
United States |
8.6
|
2004
|
September |
| 15. |
Belgium |
8.2
|
2004
|
Q2* |
| 16. |
Canada |
7.3
|
2004
|
Q2* |
| 17. |
Finland |
6.4
|
2004
|
August |
| 18. |
Netherlands |
3.9
|
2004
|
Q2* |
| 19. |
Switzerland |
2.1
|
2004
|
Q2* |
| 20. |
Singapore |
0.0
|
2004
|
Q3 |
| 21. |
Germany |
-1.7
|
2004
|
Q2* |
| 22. |
Japan |
-6.4
|
2004
|
Q2* |
For sources (1) - (12)
see
Worldwide House Price Indices
* Source: (1)The Economist - Infrequently updated by The Economist. - Q2
2004 or latest.
|
UPDATE - FEB 2005: South African residential property prices are still
soaring faster than any other market in the world, according to international
real estate information portal ResearchWorldwide.com. South African home owners
enjoyed average property price increases of nearly 28% over one year to the end
of February. Meanwhile, markets that were once at the top of the performance
rankings are cooling off, with Australia producing a relatively sober 2,7%
annual increase over one year. Next best-performing market for one year
according to ResearchWorldwide.com was Hong Kong (21,6%), followed by Spain
(17,2%), New Zealand (16,4%) and France (16%). The United Kingdom market –
popular among South African offshore investors – enjoyed an average 10,2% annual
increase in residential property prices, only a little less than Norway and the
United States (both 10,5%). In some countries, property prices are on the
decline. In Germany, prices dropped by an average 1,3% over one year and in
Japan prices dropped 6%.
|
|
