Worldwide rise in property confidence
Tuesday 15th September 2009Confidence in the property market around the globe is on the rise, according to new data.
Knight Frank research has indicated that nearly half of all surveyed countries are noticing increases in house prices.
The Global House Price Index suggested that this is resulting in more interest in investing in various nations.
However, the BuyAssociation has called for calm and urged investors not to expect a complete turnaround in the fortunes of the property sector.
Paul Collins, editor at the BuyAssociation, said: "It is a little bit too early to declare a full-scale recovery is going on, but there are signs of improvement.
"There is a certain degree of increased confidence in the markets, which hopefully will lead to more Brits feeling confident enough to buy overseas again and get back on the overseas property market."
The largest increases in home values in the past quarter were witnessed in Israel, followed by Norway, Finland and Sweden.
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