179: 2008 House Price Predictions - Global
01-01-2008
PropertyInvesting.net
We enclose property prices predictions for countries around the world. Regional variations will be marked, and further local-regional variation will of course be present in each country. We expect all 
countries that are exposed to high commodities prices to do particularly well. The main exceptions are China and India which will continue to boom because of manufacturing and business services respectively, despite big oil imports. Romania and Bulgaria will also do well despite low oil/gas production because of EU integration and increased trade and investment with western parts of Europe. Vietnam, Singapore and Hong Kong will boom. Problems in Pakistan, Turkey and Kenya will suppress prices significantly in these countries with potential for spill over of concerns-issues to neighbouring border areas.
Top Growth
Vietnam +20% - services, manufacturing and construction boom (also small oil/gas developments)
Singapore +16% - catch-up, Asian boom
India +15% - services boom
Hong Kong +13% - catch-up, Asian boom
UAE +12% - oil boom
Romania +12%
Egypt +12%
Russia +12% - oil boom
Bangladesh +11%
Poland +10%
Bulgaria +10%
China +10% - manufacturing boom
Norway +10% - oil boom
Canada +8% - oil boom
Sweden +5%
Malaysia +5% - Asian boom
Australia +5%
New Zealand +3%
Thailand +3%
Denmark +3%
France +3%
Germany +3% - manufacturing strength
Holland +3%
Italy +2%
Portugal 0%
Spain 0%
Greece -2%
UK -4% (average) - correction continues from Oct 2007
USA -5% - correction continues from early 2007
Ireland -6% - correction continues from early 2007
Turkey -5% - border tensions
Pakistan -15% - tensions
Kenya -25% - riots
Bottom Contraction
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