immomart.ch

As financial markets tumble, the world’s housing markets have continued to slide during the year to end-Q2 2008.

House Price Changes

Inflation-adjusted house prices fell in 21 out of the 33 countries for which there is up-to-date published data.

The Baltics, the US, the UK and Ireland led the global decline during the year to end-Q2 2008, the latest date for which comprehensive global statistics are available.

The biggest house price declines took place in Latvia, previously a leader of the global house price boom. House prices in Riga have fallen by 21.23% in nominal terms during the year to end-Q2 2008, and 33.08% in real terms.

Prices in Estonia’s Tallinn fell during the year by 11.02% in nominal terms, and 14.06% in real terms.

Quarterly data suggests that things are getting worse, with declines in inflation-adjusted house prices over the quarter in all except 9 of the 33 countries tracked. Latvia’s Riga saw the largest quarterly decline during Q2 of 2008, with average dwelling prices falling 5.20% in nominal terms, and 8.16% in real terms.

While quarterly data are subject to seasonal variations and are thus less reliable, the slide suggests that the situation is worsening.

Dramatic downturns

Since last year, there has been a dramatic turn-around in the world’s housing markets. Only 5 countries out of 33, at this stage last year, had seen y-o-y declines in house prices in real terms. This year’s total is 21.

Even in countries which have continued to record house prices rises over the past year such as China (Shanghai was up 36.32% y-o-y in nominal terms at the end of Q2 2008, 27.28% in inflation-adjusted terms), transaction volumes have fallen sharply, suggesting that buyers are now nervous. … more about this »

Beautiful home with open floor plan, 2-story family room, formal dining room, master bedroom and luxurious master bathroom on main level. Three spacious bedrooms, a large loft and another full bathroom are located on second floor.
The house features beautiful hardwood floors, stainless steel appliances, trey ceilings/moldings and is beautiful decorated. The amazing terraced backyard is landscaped and offers two beautiful outside sitting areas, one overlooking the neighborhood, the other featuring a private deck. This wonderful home on a cul-de-sac lot with a gorgeous back yard/deck is perfect for entertainment or relaxation.
The property is located in a dynamic neighborhood in the desirable N.Main area of Greenville.The gated neighborhood offers sidewalks and a walking path along the creek lined with bamboo.
Refrigerator, washer, dryer and all furniture, or household items, even the car are also for sale. The house can also be leased with different package options, e.g. furnished, with corporate package and car.

More information at:  TransDomo

© Flavia Westerwelle

TransDomo, LLC – Real Estate, Start-Up and Business development

Immobilienvermittlung , Start-up und Business Development Service in den USA

TransDomo,LLC / ShellTree Realty
Flavia & Klaus Westerwelle
Phone: 864.908.0690
Email: info@transdomo.com
http://www.transdomo.com