Shanghai, China (up 35.4 %) was the world’s strongest residential property market during the past full year, according to a compilation of official and private-sector statistics by the Global Property Guide. Bulgaria (up 34.6 %) was in second place, followed by Slovakia (up 32.5 %) and Singapore (31.1 %).
The worst performers were the United States (down 8.9 % by Case-Shiller calculations), Ireland (down 7.3 %), and Estonia (down 3.9 %).
Asia-Pacific’s strong performance was led by China, Singapore (31.2 %), Hong Kong (25 %), the Philippines (15.2 %), and Japan (8.4 %). In most cases, this was due to strong economic growth.
Price rises in Japan have now paused. Outside the US and Europe, Japan has been the hardest hit by the credit crunch. In March, Reicof, a listed property investor, failed with debts of Y 42.6 billion (US$ 422 million). Deals are now being postponed, and the credit squeeze is hitting private real estate funds, which tend to be highly leveraged, and have borrowed mainly from foreign banks. These private funds are finding it hard to refinance and are being forced to unload property.
Hong Kong surged ahead this past year (up 25 %), but transaction levels have now fallen sharply, despite declines in interest rates in line with the US. Read more…
Thornblade is a popular golf community in the heart of Greenville’s growing eastside.
The golf course and park-like setting, tree-lined street, wide avenues,
a lake and the variety of beautiful properties are just some of the reasons Thornblade is so desirable.
The community is built around an 18-hole Tom Fazio golf course, offers tennis courts, swimming pools, the prestigious Thornblade Country Club and neighborhood activities or sport teams.
In addition the neighborhood is located in the middle of a growing,
vibrant area with grocery stores, services and restaurants nearby.
The nearly 400 homes in the Thornblade area have seen a signifcant jump in value because of their location and quality.
If you are interested in learning more about this or other neighborhoods in the Upstate of South Carolina, please send us an email or give us a call or send an email.