Your Real Estate Expert for Beverly Hills, Bel Air, Malibu & Los Angeles, California
Back to Main Blog Listing...
The World’s Most Overvalued Housing Markets
January 18, 2010
USA Market After Price Declines May Now Be Undervalued & Ready For Property Rising Prices.
The Economist magazine recently put together a list from 19 countries of the world’s most overvalued residential housing markets. Using a combination of data that includes sales price, rental rates, mortgage rates, and average price-to-earnings ratio.
The data provides an interesting indication of which countries may still see further price drops or which countries are ready for rising prices. The report shows that the USA market is now undervalued by approx. 3%. Despite negative news reports regarding the USA market, this report shows some overseas properties are the markets that are the most overvalued.
The data provides an interesting indication of which countries may still see further price drops or which countries are ready for rising prices. The report shows that the USA market is now undervalued by approx. 3%. Despite negative news reports regarding the USA market, this report shows some overseas properties are the markets that are the most overvalued.
|
|
& change on
a year earlier |
Price change %
1997-2009* |
Under (-) /
over (+) valued
|
|
Spain
|
-8.0
|
167
|
+55.1
|
|
Hong Kong
|
13.9
|
-20
|
+52.9
|
|
Australia
|
6.2
|
181
|
+50.0
|
|
France
|
-8.0
|
132
|
+39.8
|
|
Sweden
|
-0.4
|
152
|
+34.7
|
|
Ireland
|
-13.9
|
159
|
+29.8
|
|
Britain
|
2.7
|
175
|
+28.8
|
|
Netherlands
|
-7.1
|
87
|
+21.2
|
|
Canada
|
-2.1
|
65
|
+20.6
|
|
Denmark
|
-16.4
|
89
|
+18.4
|
|
Italy
|
-4.1
|
96
|
+15.0
|
|
China
|
8.0
|
na
|
+2.2
|
|
United States
|
-8.9
|
64
|
-3.1
|
|
Switzerland
|
4.1
|
28
|
-9.0
|
|
Germany
|
-3.9
|
na
|
-15.2
|
|
Japan
|
-4.0
|
-36
|
-33.7
|
|
New Zealand
|
1.0
|
101
|
na
|
|
South Africa
|
4.8
|
418
|
na
|
|
Singapore
|
-11.0
|
-4
|
na
|
Comments
Submit Your Blog! - Writers Wanted
To have your blog featured on this site for FREE, Please send us your blog for consideration. You will recieve full credit for the article AND a link to your site.
info@laclassicestates.com
Recent Posts
- 2010 Mid Year LA Luxury Market Report Sales Volume is Up
- Beverly Hills Montage Hotel Luxury Residences For Sale!
- June 2010 Luxury Market Report with 3 sales in the over $10M Range!
- May 2010 Luxury Market Report
- International Agent by Bel Air Magazine
Archived Posts
- July 2010 (4)
- May 2010 (1)
- April 2010 (4)
- March 2010 (1)
- February 2010 (2)
- January 2010 (3)
- December 2009 (3)
- November 2009 (3)
- October 2009 (3)
- June 2009 (2)
- May 2009 (3)
- August 2008 (1)
- August 2007 (1)
- July 2007 (1)