29.03.2011 - Global property recovery slows sparking double dip fears
House prices are sliding in countries around the world, reviving concerns of a double dip. Forty-one per cent of the countries tracked by the Knight Frank Global House Price Index reported negative growth in the fourth quarter of 2010. That compares to 31 per cent in the second quarter, when many analysts were hailing signs of a recovery in property prices. "It looks increasingly likely that Asian markets will escape a crash in prices, but in many of the previously hot markets price falls later this year seems a realistic assumption," said Liam Bailey, head of residential research at Knight Frank...........................................Full Article: Source
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