it was dropped around 15%. However

Hexun homepage established mobile microblogging mobile stock/fund news blog property news real estate financing real estate review financial figures focus feature news rolling news real estate Home Gallery published in the new travel real estate real estate investment real estatePublished in the real estate financial fame new second-hand housing leasing foreign real estate real estate blog hexun.com Tianjin real estate industry forum > body print RSS size diablo 3 power leveling, November 27, 2011 source: Xinhuanet "United Kingdom EconomistWeekly Web site 1 article "question: Chamber of horrors, the second since the beginning of 2008 most of the world financial and economic crisis started in one of the biggest bubble burst.　　Until then, housing prices have never been in so many countries and has never been such a long time to speed up so quickly. But so far, the real estate depression is much less than the original premises ofProsperity so produced in common. United States collapse in housing prices since 2006 34% to low point earlier this year; Ireland House prices decline is all the more painful, lower than the 2007 peak 45%; Spain and Denmark, it was dropped around 15%. However, house prices fell in most other countries is less than 10%, such as the United Kingdom and Italy. InIn some countries, such as Australia, and Canada and Sweden, prices hit a record high after the oscillation.　　Therefore, many real estate markets continues to be disturbed to be overvalued. Use our interactive home prices tool to view and compare the global real estate data for this period of time. We recently updated the global house price index shows that the statistic of 16 countries in 8 countriesPrices are now falling, but at the end of 2010 for 5. In order to assess the risk of price though a step down, we track the two assessment indicators. -House prices income ratio, it is a measure of an index of people able to afford a House. The second is price rent ratio, it was a kind of used to evaluate the value of enterprise earnings. As share prices should reflect future corporateExpected return, prices should also reflect the expected returns of owners, that is, rent real estate investors to make (or rents of owner-occupiers saved).　　If the index is much higher than us since 1975 long-term average statistics in most countries, it could mean that real estate prices too high. According to the average of the two indicators, Australia, and Belgium, andCanada, and France, and New Zealand and the United Kingdom and the Netherlands, and Spain and Sweden prices were overvalued by at least 25%. In fact, in the first 4 of these countries, house prices overvalued level look bigger than United States housing bubble peaked and to be serious. By contrast, the United States diablo 3 gold, and Japan and Germany all the prices are significantly undervalued. In the late 1990 of the 20th century, Germany's average roomPrice is France twice times, and now more than France 20% cheaper. This raises two questions. First, since the United States House now looks cheap prices about to rebound? Average home prices undervalued relative to rent 8%, relative to the income were understated by 22%. House prices may have bottomed out, but this does not guarantee that it will rebound. In the 20th centuryThe mid 90 's United Kingdom and Sweden, prices had fallen to less than the fair value of 35%. But see for almost 4 years after the end of, United Kingdom of property prices has not really started to rise.　　About 4 million sets was canceled foreclosure homes may enter the United States market, which may cause the prices remain low. Secondly, still overvalued housing market, housing prices are downGo down. Some economists did not accept the indicators we measure the House prices overvalued, that low interest rates provided a reason for high prices, because buyers could get more mortgages. It is not unreasonable, but interest rates would not have been so low.　　The recent surge in bond yields in some euro area countries, has raised new borrower's mortgage interest rates. Prices do not necessarily need to substantially downFell to return to a reasonable price. Adjustments can be achieved by raising rents and wages.　　However, in the context of low inflation, some countries may take 10 years or longer to make housing prices than prices and rent than the long-term average. Another worrying issue is that Australia and the United Kingdom, and Canada, and Netherlands, and New Zealand, and Spain and Sweden familyIndebtedness income even than the United States housing bubble was at its peak even higher. High housing prices and heavy debt of households are vulnerable to a rise in unemployment or the impact of rising mortgage rates. Credit crunch or recession may lead to more States collapse in housing prices.