House Price Increase Greatest In Expanding Markets

April 26, 2012 - PRLog -- British house prices have risen by 50% since 2001 according to LloydsTSB analysis of best performing international housing markets. This ranks the UK 13th in the table.

India claimed top spot, rising a massive 284% between the third quarter of 2001 and the third quarter of 2011.

Russia came second when comparing housing markets in 32 countries and having a rise of 209%.

South Africa, Lithuania, Hong Kong and Bulgaria also saw triple digit increase.

A spokesman for LloydsTSB International said “Overall, house price growth during the past decade has generally been stronger in the countries with the fastest growing economies. A house price divide appears to be opening up, which the general out performance of the housing market in emerging economies compared to more developed nations, reflecting the stronger economic performance of these countries”.

The UK market performed slightly worse than the average 56% price rise of the 32 countries included within the survey.

House prices in USA were down 2% over the decade, while they fell 17% in Germany, 23% in Ireland and 30% in Japan.

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