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Q1 2013: Global housing markets now in full-scale boom

A dramatic picture of house prices rising around the world is revealed by the latest Global Property Guide house price survey, for the year to the 1st quarter of 2013. This is the most significant global acceleration in house prices since the boom years of 2006/7.Using inflation-adjusted figures, the Global Property Guide’s survey reveals that house prices rose in 28 of 42 housing markets which have so far published housing statistics. But the nominal figures (with which the public is more familiar, see table 2) show the depth and breadth of the boom: in the first quarter of 2013, nominal house prices rose in 30 countries, and fell in only 12 countries.

Inflation is particularly high in several countries with high nominal annual hous...[…]