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Countries where property prices have fallen, risen
There are some countries where property prices are increasing every year, while there are some nations where they are falling.
Let's take a look at the global real estate market.
Source: The Economist
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Countries where property prices have fallen, risen
South Africa
Change in property prices (2000 to 2012): 121.2 per cent
Overall rank in housing prices: 1
South Africa, the biggest economy in Africa, is a major exporter of minerals, diamonds and food stuff.
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Countries where property prices have fallen, risen
Hong Kong
Change in property prices (2000 to 2012): 106.7 per cent
Overall rank in housing prices: 2
As Hong Kong, one of the biggest financial centres of the world, lacks space it's the most vertical city in the globe.
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Countries where property prices have fallen, risen
Canada
Change in property prices (2000 to 2012): 85.8 per cent
Overall rank in housing prices: 3
Canada, which has the 11th-largest economy in the world, has booming manufacturing, logging and oil sectors.
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Countries where property prices have fallen, risen
New Zealand
Change in property prices (2000 to 2012): 79.7 per cent
Overall rank in housing prices: 4
New Zealand, one of the most business-friendly countries in the world, has booming tourism and milk-based industries.
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Countries where property prices have fallen, risen
Sweden
Change in property prices (2000 to 2012): 79.2 per cent
Overall rank in housing prices: 5
Sweden, which has a highly capitalist economy, is one of the biggest exporters of automobiles, telecommunications and pharmaceuticals.
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Countries where property prices have fallen, risen
France
Change in property prices (2000 to 2012): 77.9 per cent
Overall rank in housing prices: 6
France, the fifth-largest economy in the world, has one of the highest per capita incomes in the globe.
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Countries where property prices have fallen, risen
Australia
Change in property prices (2000 to 2012): 74.6 per cent
Overall rank in housing prices: 7
Australia, one of the largest economies in the world, is heavily dependent on the services sector.
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Countries where property prices have fallen, risen
Belgium
Change in property prices (2000 to 2012): 60.4 per cent
Overall rank in housing prices: 8
Belgium, which has an excellent infrastructure, is one of the major trading nations.
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Countries where property prices have fallen, risen
Britain
Change in property prices (2000 to 2012): 55.6 per cent
Overall rank in housing prices: 9
Britain, one of the biggest financial centres in the world, is witnessing major revival in property prices, especially in London.
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Countries where property prices have fallen, risen
China
Change in property prices (2000 to 2012): 38.7 per cent
Overall rank in housing prices: 10
China, the fastest-growing economy in the world, is a major manufacturing and trade power in the globe.
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Countries where property prices have fallen, risen
Switzerland
Change in property prices (2000 to 2012): 36.8 per cent
Overall rank in housing prices: 11
Switzerland, a haven for global investors, is a major exporter of dairy products.
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Countries where property prices have fallen, risen
Spain
Change in property prices (2000 to 2012): 26.2 per cent
Overall rank in housing prices: 12
Spain, which has a highly developed economy, is going through tough economic times, but property prices have risen.
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Countries where property prices have fallen, risen
Italy
Change in property prices (2000 to 2012): 22.9 per cent
Overall rank in housing prices: 13
Italy, one of the biggest manufacturers of high-end cars, has seen property prices increase nearly 30 per cent in past 12 years.
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Countries where property prices have fallen, risen
Denmark
Change in property prices (2000 to 2012): 22.4 per cent
Overall rank in housing prices: 14
Denmark, which has one of the highest per capita incomes in the world, is a major exporter of dairy products.
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Countries where property prices have fallen, risen
Austria
Change in property prices (2000 to 2012): 17.4 per cent
Overall rank in housing prices: 15
Austria, a highly developed economy, is a major trading partner of European Union.
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Countries where property prices have fallen, risen
Singapore
Change in property prices (2000 to 2012): 16.5 per cent
Overall rank in housing prices: 16
Singapore, one of the biggest financial centres in the world, is a major trading hub.
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Countries where property prices have fallen, risen
The Netherlands
Change in property prices (2000 to 2012): 3 per cent
Overall rank in housing prices: 17
The Netherlands, one of the richest economies in the world, is a major exporter of dairy products.
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Countries where property prices have fallen, risen
Japan
Change in property prices (2000 to 2012): Minus 29.9 per cent
Overall rank in housing prices: 18
Japan, one of the economic powerhouses in the world, saw property prices fall nearly 30 per cent in the past 12 years.
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Countries where property prices have fallen, risen
Ireland
Change in property prices (2000 to 2012): Minus 9.4 per cent
Overall rank in housing prices: 19
Ireland, which had one of the fastest-growing economies before the 2007 credit crunch, saw a nearly 10 per cent drop in property prices in the past 12 years.
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Countries where property prices have fallen, risen
Germany
Change in property prices (2000 to 2012): Minus 9.3 per cent
Overall rank in housing prices: 20
Germany, the economic powerhouse of Europe, saw property prices fall more than 9 per cent in the past 12 years.