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The Planet's Housing Markets Were On Balance Weaker In The Year Ending In Quarter 2 Of 2011, According To The First Broadcast Survey Covering The Q2 2011 Information.

The world's housing markets were on balance weaker in the year ending in the 2nd quarter of 2011, according to the very first published survey covering the Q2 2011 info, released today by the World Property Guide, which traditionally publishes worldwide housing data ahead of other research homes.

Few EU states ' markets rose, most dropped, and many worse-hit states such as Eire, Greece and Spain performed much worse this year than last year. The US figures were also upsetting, due to high unemployment.

Globally, more housing markets experienced price falls than rises.

Only 13 out of 39 countries which have so far released data for the period saw home price increases in the year to finish Q2 2011.
Out of 26 states with house price falls, 18 saw speeded up rates of decline.

The Worldwide Property Guide's probabilistic show uses price changes after inflation, giving a pragmatic picture than the more optimistic nominal figures usually favoured by real-estate agents.
HK had the biggest increase among all countries surveyed by the Global Property Guide, despite cooling measures implemented by the govt. House prices were up 19.76% over the year to end Q2 2011, after inflation, with a quarterly rise of 3.51%.

The base dynamic has been Hong Kong's very robust industrial growth, with GDP up 5.1% over 12 months earlier, and really low IRs caused by the Hong Kong dollar's peg to the US greenback.

In Thailand, single-detached houses rose impressively by 7.75% during the year to Q2 2011, after inflation, after last year's fall of 4.83%.

Thai home prices skyrocketed by 18.29% during the second quarter. This rise potentially resulted from the nil interest loan scheme launched by the Government Housing Bank (GHB), aimed at increasing home ownership among lower and middle class earners. Nevertheless it ought to be mentioned the Thai house price database is dated and unrepresentative.

EU housing markets have been weak

Prices of houses in Europe generally fell lower during the year to Q2 of 2011. Actually most European countries experienced quicker rates of decline than last year.

The data can be grouped into one or two classes : a) quicker declines this year than last, b) recoveries last year which have turned into declines, c) continued declines, but not as severe as last year, and d) precise recoveries (a little class).
1 or 2 EU countries which saw house price falls last year performed even worse this year

Eire had the worst house price decline among all reporting states in our survey over the twelve months to Q2 2011. Home prices were down by 14.84% annual, a worse decline than the 11.83% fall the previous year.

European states which experienced weaker performances than the year before include Netherlands (-4.07%), Slovak Republic (-6.49%), Croatia real estate (-6.55%), Spain (-8.43%) and Athens, Greece (-9.88%) (all figures inflation-adjusted).

Some European countries which recovered last year, sunk back this year

In Latvia, standard type residences in Riga fell by 5.40% yearly, after a solid comeback since Q2 2010. Quarter-on-quarter, apartment costs were down by 3.80%.
In Britain, average house prices were down by 5.33% annual, after rising 6.04% the previous year. The home market began bouncing back as early as Q4 2009, but started falling again in the last quarter of 2010. The price-falls in the United Kingdom are engaging, because UK rates have been low and sterling has fallen, enticing foreign purchasers.
In Sweden, home prices dropped by 1.35% over the year to finish Q2 2011, potentially thanks to the 85% mortgage ceiling introduced last year.
In Portugal, home prices have been falling since Q3 2010, and during the year to Q2 2011, prices dropped by 5.67%.
In Germany, residence costs have been slowing since the 1st quarter of 2011. During the full year to Q2 2011, costs dipped by 0.65%.
In Finland, home prices rose, but were up a trifling 0.18% yearly, down from 10.24% growth over the same period last year.

1 or 2 Western european countries have seen their housing markets recover

Norway led the tiny group of Western european states which experienced home price increases, up by 5.93% over the year to end Q2 2011. Norway's home market began to rebound in Q3 2009 and hasn't slowed, driven by low IRs and robust industrial growth (4.80% over twelve months earlier).

Housing markets in Estonia (Tallinn), France and Iceland rose during the year to finish Q2 2011 after suffering house price falls in the previous year. In Tallinn, house prices were up 4.94% year-on-year, after last year's fall of 0.66%. In France (info is from FNAIM), prices of existing dwellings rose 4.65% year-on-year, after a fall of 1.71% the previous year. In Iceland, house prices rose a touch by 0.60% yearly, after plunging by 9.04% during the year before.

After a decade-long decline in the 1990s, the home market in Switzerland has been stable since 2k. During the year to Q2 2011, residence costs rose by 2.19% annual, up from 0.92% the previous year.
Israeli home market softening

Israel home prices were up 5.40% yearly to Q2 2011, but the pace is slowing because of the steps taken by Bank of Israel. These include rate walks (currently 3.25%) and the new limit on prime interest based mortgages (33% of the property's value).

During the second quarter, Israeli house prices fell by 3.38%, the most steep decline since the last quarter of 2008. Furthermore, the ongoing increase in the number of building starts, and steps taken by the Ministry of Finance in property taxation, are anticipated to be mirrored in house prices in the course of the coming year,writes tagza.com.

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1993-94 St. Louis Blues Season $54 Used - The 1993-94 St. Louis Blues season was the 27th for the franchise in St. Louis, Missouri, and the final season for the Blues at the St. Louis Arena. The Blues finished the regular-season with a record of 40 wins, 33 losses and 11 ties, good for 91 points, and a trip to the NHL Playoffs, where they were swept by the Dallas Stars in the Western Conference Quarter-finals. For the second consecutive year, the Blues had two 50-goal scorers.