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Global housing market at weakest point since 2009

Posted on 02 September 2011

Based on a new report by London-based real estate firm Knight Frank, worldwide mainstream house prices marginally avoided falling into negative territory with prices rising on average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period.

This weak performance shows the extent to which many of the world’s economies are struggling in the wake of the 2008-09 global crisis. Lending, for most developed economies, remains constrained, confidence is low and households’ disposable incomes are waning……………………………………….Full Article: Source


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