Global property market sees boost
11/09/09 19:34
There is a growing level of confidence in the global property market, it has been claimed.
According to the latest figures from Knight Frank's Global House Price Index, a number of countries around the world witnessed home price increases - something which may appeal to expatriates looking to sell their home.
Nonetheless, it is still too early to confirm that the market is experiencing a "full scale recovery", editor of Buy Association Paul Collins said.
Israel's property market has performed better than any other country's over the past year, the research found, which is something that may interest British buyers, Mr Collins asserted.
Besides Israel, the Scandinavian countries have seen strong property markets.
"The quality of living in Norway, Sweden and Finland is very high, so it is not particularly surprising that these countries are more popular now," said Mr Collins.
As people shift towards lifestyle purchases to help get away from the stresses of work and spend more time with the family, purchases in Scandinavian countries hold great appeal, he said.
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