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Ups and downs for global house prices in 2012

Posted on 13 December 2012

The world’s housing markets posted mixed signals during the full year to Q3 2012, according to the latest survey of global house price trends by the Global Property Guide. The bad news is strongly concentrated in Europe. The scale of the European downturn, the sheer size of the downward pressure, continues to surprise.
The U.S. housing market recovery continues. The Federal Housing Finance Agency (FHFA) seasonally-adjusted purchase-only house price index rose by 2.31% year-on-year in Q3 2012, the highest growth seen since Q2 2006. The nationwide seasonally-adjusted S&P/Case-Shiller home price index also rose by 1.92% during the year to Q3 2012, in sharp contrast with its 7% year-on-year decline seen in Q3 2011………………………………………..Full Article: Source


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