Top 10 Nations Experienced the Greatest Fall and Rise in Property Prices

The recent report by The Economist revealed that despite of the economic opacity, few countries manage to see growth in property prices every year.  

Below mentioned are the list of some countries that have witnessed greatest fall and rise in property prices:

1.    Country:  South Africa
       Housing Price Ranking: 1
       Review:

• Most developed and largest economy in Africa and 28th place in the world.  
• 121.2 per cent change in the property between 2000 and 2012.  
• 5th highest per capita income in purchasing power parity in Africa.  
• Exports diamonds and minerals.

2.    Country:  Hong Kong
       Housing Price Ranking:  2
       Review: 

• Flourishes in economic market.
• Expensive country for luxury real estate.
• 121.2 per cent change in property prices from 2000 to 2012.

3.    Country:  Canada
       Housing Price Ranking:  3
       Review:

• Eleventh largest economy in the world.
• 85.5 per cent change in property prices from 2000 to 2012.
• Vancouver is the most sought after place for property destination by foreign buyers.
• Vancouver witnesses property price appreciation by 10.4 per cent.

4.    Country:  France
       Housing Price Ranking:  6
       Review:

• Expensive location to buy property.
• Second-largest exclusive economic zone in the world.
• Low tax charge on rental income for foreign nationals.
• 77.9 per cent property price appreciation from 2000 to 2012.

5.    Country:  Australia
       Housing Price Ranking:  7
       Review:

• One of the Wealthiest and highly developed country in the world.
• 75 percent property price appreciation from 2000 to 2012.
• Sought-after place for luxury properties.
• Sydney important financial hub of Australia seeing revival in property prices.

6.    Country:  Britain
       Housing Price Ranking:  9
       Review:

• One of the largest financial centers in the world seeing higher revival in property prices in     majorly in London
• London is the favorite spot for luxury property buyers.
• Rent on properties settled freely by both tenants and landlords.
• 56 percent increase in property prices from 2000 to 2012.

7.    Country:  China
       Housing Price Ranking:  10
       Review:

• World’s fastest growing economy.
• Major manufacturer of renewable energy technologies globally
• 38.7 percent appreciation in property prices from 2000 to 2012
• Over past 5 years cities like Beijing and Shanghai recorded a property price appreciation at 110 per cent.

8.    Country:  Singapore
       Housing Price Ranking:  16
       Review:

• Singapore is an expensive real estate market in Southeast Asia and one among the biggest financial centers in the world.
• High rate of taxes on rental incomes.
• For foreign nationals additional 10 per cent along with the prevailing tax structures.
• 16.5 percent change in property prices from 2000 to 2012

9.    Country:  Japan
        Housing Price Ranking:  18
        Review: 

• Japan is a major economic powerhouse in the world.
• 30 per cent fall in property prices from 2000 to 2012.
• As of 2012, it is world’s 3rd largest economy in terms of nominal GDP and purchasing power parity.
• Low unemployment rate of around 4 per cent
• Limited supply of land parcels in urban areas.

10.    Country:  Germany
         Housing Price Ranking:  20
         Review:

• Economic powerhouse of Europe.
• 9 per cent drop in property prices from 2000 to 2012.
•  5th largest economy in terms of purchasing power parity.
• One of the global leader in various technology and industrial sectors. 

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