[Knight Frank Forecast] Global Boom, Crash, Bounce
Posted by Jonathan J. Miller -Wednesday, September 22, 2010, 8:08 AM
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[click to open report]
Knight Frank Research Residential Research, my colleagues across the pond, have produced a new publication: Global Residential Market Forecast 2011 which assesses the risk of threats facing property markets across the globe. I interviewed Liam Bailey, Head of Residential Research and Andrew Shirley last March on the release of their annual Wealth Report. They produce fascinating research and are both accessible and knowledgable.
The post-crash bounce in global housing markets is set to slow considerably in 2011. However, lower price growth across the world masks improving fortunes in Europe and a more sustainable rate of market performance in Asia.
Some of the issues many markets are facing include reduced government aid, increased government control, tight credit and high debt levels.
Government has to direct their efforts directly at real estate sales. It is the only way to solve the problem. Trillions going to everything else just doesn’t cut it. The 22 Billion that when into the buyers tax credit, along with lower rates started stabilizing the market. We need more oxygen.