San Diego, CA (PRWEB) September 12, 2012
Real Estate Marketing Insider's Tobias Nergarden issued some observations about the reports of rising global home prices today, and his opinion is that this will help home sellers because it means that there is an overall upward trend in the global economy and while this trend is by no means permanent, those involved with real estate branding and in global markets such as house sales uk can use these reports to their advantage.
World Property Channel reports that around the world, the financial quarter ending in June 2012 saw an average increase of 1.1% in home prices. This information was gathered in 55 different nations, and in 25 of these countries, these prices have been rising faster than they were a year ago. In the stronger economies, such as Hong Kong and the United States, prices were up much higher than the average. The Eurozone, however, saw very small increases in prices, which is causing fears that the economies of these nations is inhibiting growth and may influence the worldwide market. Other reasons for fear are that some areas do not show growth potential in the coming years, and only the U.S. real estate market shows signs that it will eventually stabilize.
Hong Kong is a former part of the British Empire that reverted to Chinese control on 1997. At that point, it became a special protectorate of China and as such, is subject to different laws. Hong Kong has a strong capitalist economy and is a highly urban area. Since it is so small, real estate is at a premium and most housing consists of apartments or condominiums. Hon Kong must import nearly all of its resources and is considered one of the most expensive cities in the world for expatriates to live in.
The United States housing market collapsed in 2007 when a housing bubble burst and prices sharply declined. This meant a rise in foreclosures and many people owning a home less than what they had paid for it. There were several government programs launched in order to alleviate the problem, including a tax credit that ran from 2009 to early 2010 to encourage first time home buyers. The housing market in the U.S. is currently in what are considered the first stages of a recovery with rising prices and increased sales.
The Eurozone is a group of 17 members of the European Union who have decided to adopt the Euro as their common currency. Since the current financial crisis began, many of the Euro nations have required help from other members of the Eurozone. This, in turn has affected the various economies and is keeping real estate from recovering as well as it has in other part of the globe.
Real Estate Marketing Insider today commented on the report of rising home prices worldwide, even as some worry that the improvement is fragile.
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Real Estate Marketing Insider is a publication headquartered in La Jolla, California. The primary goal of REMI is to provide hot tips, strategies, and analysis to real estate professionals everywhere. More information can be found at http://realestatemarketinginsider.com/advertising-for-real-estate/