As per a study by 'The Economist', Property prices around the world gave mixed signals in the last year. While emerging economies like India, Brazil and South Africa showed a 10-12% price rise, most European markets showed a decrease in prices. Hong Kong property prices appreciated most (24.5%) while Spain had an average decrease in price of 7.7%.
This is in contrast to the property price rise before the Global recession when the prices appreciated in every market in the world in a more or less uniform fashion. The post recession catch-up however was not uniform with some economies still struggling in depression, the report says.
At 10.7%, India had a healthy increase in property prices during last year.