World tendencies of real estate prices (Part 1)
The world real estate market begins new stage of development. National governments more and more often refuse liberal market dogmas and start to carry out socially responsible housing policy.
«Even people with respectable salaries can’t buy an apartment. The prices are unreal!» - say Muscovites about the housing problem. At that it is meant, that situation in Moscow is unique and abroad everything is different.
However the current situation with dwelling in Paris and Madrid, Detroit and Dubai is the same. In 2000-2006 the price for real estate continuously grew almost worldwide, therefore it became inaccessible for middle class in the USA and Europe.
One of the main trends of the last decade is significant real estate cost increase in Europe and America. Price enhancement began in 1995-1997 (depending on the country) and has sharply sped up after 2000. For example, in Ireland for the last ten years (1996-2006) real estate prices have increased by 300 %. For the same period in Holland, Sweden, Great Britain, France and a number of other countries prices have doubled on the average. And only Germany pleases Europeans. Houses and apartment almost have not risen in price here, because the country has high supply, the big stock of social habitation and the market is not inclined to speculations.
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