29.03.2011 - Property values in Asia soar while price rises in Europe lag behind
The global housing sector is operating a two-speed market as prices of western properties stagnate while the value of homes in emerging economies continues to power ahead. House prices across the world staged a modest recovery last year, rising by 2.8% after a 3.8% decline in 2009, according to the latest Knight Frank global house price index. The global housing market benefited as strong price growth in the Asia-Pacific and the Middle East offset stagnation in Europe and the US...........................................Full Article: Source
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