I have heard that house prices in the US have fallen by 40% in some states. I live in the UK and house prices are very high here. Is this crash likey to affect the rest of the US and Europe?
Don't know same problem in Romania a 2 rooms apartament it's like 60 000 $ A house is 180 000 $ The medium salary is 200-300$ some people are crazy (the guvern)
In the UK houses traditionally double in value every 7-10 years so I wouldn't worry too much about it
Well I live in Vancouver,Canada. Purchased a house two years ago for 496k. It is now worth over $700,000, but this is just a bubble and it will probably drop down in value again within the next few years. I doubt the US housing market will affect others.
I live in Miami and I can tell you first hand that real estate here is going down. People must be smoking crack as the prices that they want for their properties are astronomical in contrast to what people earn ($38,700/yr average salary in Florida) and their is more properties than demand, so it is bound to crash. As far as affecting the rest of the world, I highly doubt it.
The population in the UK is increasing due to the expansion of the EU so this influx of people should keep prices moving up. The average UK house price has gone up by 4% in the last 3 months alone. But after a rise in house prices like we have had in the last 10 years, a fall is inevitable. All it takes is one little economic shock. from http://www.housepricecrash.co.uk
Some interesting opinions. I am looking to make an investment in some property, but the prices seem way to expensive. I hope they come down a little to give me a chance to get something decent.
I think you are relying on the incorrect information. It is the global tendency in the world that real estate becomes more and more expensive every year. Mainly it happens because of the demographical (overpopulation) and economical (inflation) factors.