ECONOMIC JITTERS BRING GLOBAL HOUSE PRICE GROWTH DOWN
GLOBAL house price shifted marginally in the year to June 2015 rising by only 0.1 per cent, according to the latest index to be published. Lingering concerns over the Eurozone economy, jitters in global stock markets and discussions of when, not if, a US rate occurs is impinging on growth, says the report from international real estate firm knight Frank. Annual growth of 0.1per cent is the index’s weakest rate of growth since the growth since the final quarter of 2011 and of the 56 housing markets tracked some 27 per cent recorded an annual declined in prices. “the recent volatility n the Chinese stoke market has underlined the fragility of the Eurozone’s recovery and has pushed the likelihood of a rate rise by the US Federal Reserve further back, which is good news for home owners in the US and beyond but bad news for corporate balance sheets,” said Kate Everett-Allen, head of international residential research at knight frank.
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