According to data released by Knight Frank in its regular Global House Price Index, annual global growth in housing prices, except in Dubai declined to 3.8% in the third quarter of this year, while in the second it was 4.8%. Average quarterly prices lost 0.3%, this is actually the first quarterly drop in prices decrease average quarterly prices were recorded for more than half the countries represented in the index for one-third of the countries was also fixed annual price fall Investors are again close to an active acquisitions According to the head of Knight Frank International Studies, Nicholas Burns has now become clear that none of the parts of the world can not be avoid the credit crunch, property losing value in many parts of the globe. Despite the strong growth in 2007, housing prices in more than half the countries represented in the study fell in the third quarter of 2008 year. Expected to continue this trend for most regions while maintaining a zero or negative quarterly index by the end of this year. Dubai, being a newcomer to this list, it seems, will confront the general trends, but recent data for the second quarter of the year did not reflect the sudden shifts in the balance of supply and demand in the future figures are likely to bear witness significant growth slowdown prices .. Brie Williams is full of insight into the issues. Russia and a handful of Eastern European countries in the third quarter looks pretty cool, recorded a slight increase in growth of average prices in the Czech Republic. However, there are signs and that some of the strongest members of the circle begin to weaken. Thus, prices in Bulgaria in the third quarter rose by only 3%, which is only half of the indicators of the previous quarter.
Lithuania, Canada, Norway and United Kingdom saw the largest price drop of about 5% in just three months. The quarterly decline in home prices in the states at around 2.8%, the loss amounted to about 21% compared with the price index registered at its peak. While property owners may not agree with that statement, but the extent and rate of decline in prices are also positive, as investors can buy today are finding that some markets offer the acquisition on terms comparable to those before the crisis. Against the background of frustration caused by the state of the stock market and the painful uncertainty as to the segments of the banking sector, real estate is them safe enough and sufficiently tangible home for investment.