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Five years, six property markets, mixed fortunes

20 May 2009

Taxpayers in Baltics, UK and Ireland facing the toughest questions

13 May 2009

Five years, six property markets, mixed fortunes

The last four years have been remarkable in the global property market – so remarkable that comparisons with nominal collapses in house prices of 95% (as happened in Georgian Dublin) are being seriously discussed. A quick examination of six different cities around the world since 2005 shows a whole range of experiences from collapse in Detroit to more recent falls in Hong Kong.

Property prices in six cities around the world, Jan 2005-Jan 2009

20 May 09 | Posted in World Economy | Comments (2)

Taxpayers in Baltics, UK and Ireland facing the toughest questions

Two weeks ago, I examined the IMF’s estimates for growth prospects in 2009 and came to the conclusion that in a year where countries such as Afghanistan, Ethiopia and Laos are among the world’s fastest growing economies, more open economies are being hit by a collapse in the globalized consumer’s demand.
The temptation may be to [...]

13 May 09 | Posted in World Economy | Comments (0)

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