The Economist reported today that the US is not the only country with housing issues at the moment. Home prices in Spain and Ireland are both experiencing an increase in inventory that they are having trouble selling off quickly enough. Home prices in Spain are still going up however, while Ireland is experiencing some price cuts.

New Zealand has been an investor’s dream in recent years. Their boom does not seem quite over. With prices up 82% over the last 9 years, appreciation is very solid. Similarly to what has happened in the US, home price increases have significantly outpaced wage increases. In other words, housing is getting too expensive. This is a strong sign of speculation-driven pricing.

In Singapore and Hong Kong, the booming Asian economy has brought mostly good, solid real estate activity.

 

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