Bulgaria housing market saw best growth in 2007
Monday, 14 January 2008
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In 2007, the US housing market crashed, and Europe's housing market slowed. But house prices in Asia-Pacific gained momentum, according to the year end report of the Global Property Guide.
Bulgaria saw the world's strongest house price growth at 30.6% (15.4% in real terms) to end-Q3 2007 from a year earlier.
Annual house price change 2007 (%), adjusted for inflation
| Countries |
Inflation-adjusted |
Nominal |
| Bulgaria |
15.42 |
30.59 |
| China (Shanghai) |
20.04 |
27.85 |
| Singapore |
24.29 |
27.59 |
| Estonia (Tallinn) |
15.08 |
23.38 |
| Norway |
11.93 |
11.56 |
| Lithuania |
11.43 |
13.64 |
| Philippines |
9.88 |
13.04 |
| Hong Kong |
9.44 |
11.25 |
| Australia |
8.60 |
10.63 |
| Sweden |
7.86 |
9.86 |
| Japan (6 cities) |
7.86 |
7.75 |
| UK |
7.79 |
9.68 |
| France (Paris) |
7.01 |
8.27 |
| South Korea |
6.53 |
9.01 |
| Colombia |
6.40 |
12.82 |
| Poland |
5.81 |
8.38 |
| New Zealand |
4.59 |
6.67 |
| South Africa |
3.77 |
12.52 |
| Canada |
3.66 |
6.13 |
| Finland |
3.29 |
5.88 |
| Spain |
2.88 |
5.31 |
| Netherlands |
2.44 |
3.77 |
| Denmark |
2.29 |
3.95 |
| Italy |
2.08 |
5.60 |
| Switzerland |
1.91 |
2.56 |
| Malaysia |
1.73 |
3.20 |
| Greece |
1.54 |
4.18 |
| Germany |
-0.40 |
2.04 |
| Latvia |
-1.02 |
10.22 |
| Indonesia |
-1.18 |
5.24 |
| Japan |
-1.38 |
-1.48 |
| Portugal |
-1.68 |
0.49 |
| Israel |
-1.86 |
-0.51 |
| Thailand |
-2.81 |
-0.78 |
| Ireland |
-0.98 |
-4.68 |
| US (NAR) |
-8.46 |
-5.07 |
| US (FHFB) |
-6.79 |
-3.49 |
| US (OFHEO) |
-0.56 |
1.79 |
* latest available / Source: Global Property Guide
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