The global housing market is beginning to enter recovery, with the Asia Pacific region experiencing the highest levels of growth, which could be good news for those with Australian property.
New figures published as part of the Knight Frank Global House Price Index have shown that this area has experienced an average price increase of 17.8 per cent.
Liam Bailey, the organisation's head of residential research, said that one of the sector's developing trends is the fact that growth is increasingly grouped by world region.
He explained that countries in the Asia Pacific region have dominated the top four rankings in terms of growth. "It remains to be seen whether this is another period of sustained growth or the middle peak in a double dip recession," Mr Bailey explained.
Earlier this month, Phillip Kingston, the co-principal of Melbourne's Gary Peer Real Estate, claimed that Australian property prices are increasingly levelling out.
Posted by Craig Francis
New figures published as part of the Knight Frank Global House Price Index have shown that this area has experienced an average price increase of 17.8 per cent.
Liam Bailey, the organisation's head of residential research, said that one of the sector's developing trends is the fact that growth is increasingly grouped by world region.
He explained that countries in the Asia Pacific region have dominated the top four rankings in terms of growth. "It remains to be seen whether this is another period of sustained growth or the middle peak in a double dip recession," Mr Bailey explained.
Earlier this month, Phillip Kingston, the co-principal of Melbourne's Gary Peer Real Estate, claimed that Australian property prices are increasingly levelling out.
Posted by Craig Francis
