The UK saw the largest rise in prices. The US housing bubble was really quite moderate by comparison. By contrast, house prices just don't go up in Germany ever (but they seem high).
Saturday, October 10, 2009
Global Housing Market Trends of the last 40 Years
A nice chart from McKinsey of real house prices over the last forty years in a wide range of countries:
The UK saw the largest rise in prices. The US housing bubble was really quite moderate by comparison. By contrast, house prices just don't go up in Germany ever (but they seem high).
The UK saw the largest rise in prices. The US housing bubble was really quite moderate by comparison. By contrast, house prices just don't go up in Germany ever (but they seem high).
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1 comment:
Hello. Thank you very much for the chart. As I am from Canada I must confess that I don't know almost anything about the housing prices and housing bubbles in the UK. Therefore, it is really surprising for me that the housing bubble was (or is) much more dramatical in the UK than the US. So thank you again for the information and wish you all the best.
Take care,
Jay
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