Meanwhile, Around the World…

by admin on January 18, 2011

2010 was a very good year for the Australian and Canadian housing markets, among others.

Although not as hot as in previous years, Australia’s housing market in 2010 was ranked No. 1 in the world by Toronto-based Scotiabank, an international financial organization that dates back to 1671.

Of the 12 advanced nations tracked by Scotia Economics’ latest Global Real Estate Trends report, the estimated average inflation-adjusted home prices increased this year in six (Australia, Canada, France, Sweden, Switzerland and the U.K.), were flat in two (Germany and the United States) and fell in four (Ireland, Italy, Japan and Spain). In 2009, eight of the 12 markets suffered price declines.

Read the full article here.

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