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179: 2008 House Price Predictions - Global


01-01-2008

PropertyInvesting.net

We enclose property prices predictions for countries around the world. Regional variations will be marked, and further local-regional variation will of course be present in each country. We expect all countries that are exposed to high commodities prices to do particularly well. The main exceptions are China and India which will continue to boom because of manufacturing and business services respectively, despite big oil imports. Romania and Bulgaria will also do well despite low oil/gas production because of EU integration and increased trade and investment with western parts of Europe. Vietnam, Singapore and Hong Kong will boom. Problems in Pakistan, Turkey and Kenya will suppress prices significantly in these countries with potential for spill over of concerns-issues to neighbouring border areas.  

Top Growth

 

Vietnam +20% - services, manufacturing and construction boom (also small oil/gas developments)

Singapore  +16%  - catch-up, Asian boom

India +15%  - services boom

Hong Kong +13% - catch-up, Asian boom

UAE +12%  - oil boom

Romania +12%

Egypt  +12%

Russia +12% - oil boom

Bangladesh +11%

Poland +10%

Bulgaria +10%

China +10% - manufacturing boom

Norway +10%  - oil boom

Canada +8%  - oil boom

Sweden  +5%

Malaysia +5% - Asian boom

Australia +5%

New Zealand +3%

Thailand +3%

Denmark +3%

France +3%

Germany +3% - manufacturing strength

Holland +3%

Italy +2%

Portugal 0%

Spain 0%

Greece -2%

UK -4% (average)  - correction continues from Oct 2007

USA -5%      - correction continues from early 2007

Ireland -6%   - correction continues from early 2007

Turkey -5%   - border tensions

Pakistan  -15% - tensions

Kenya -25%  - riots

 

Bottom Contraction

 

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