However since the 2007 market peak the average property price has fallen 21%.
On the face of it this should be a very subjective and inaccurate way of measuring property price changes.
In fact, official statistics show that property price increases slowed in July.
In the capital the average property price is 8.2 times the average income of a typical first-time buyer household, the review found.
Still, government officials have made repeated pledges that property price curbs will remain in place, indicating gains in the property market will be mild.
FORBES: Chinese Property Billionaires Lose $3.87 billion On Housing Curbs
Right to Buy first started under Margaret Thatcher's Conservative government, but take-up dwindled as the discounts offered failed to keep pace with the rate of property price inflation.
Singapore's private-residential property price index rose 1.8% in the fourth quarter of 2012 from the third quarter to a record 211.9 points, the third straight quarter of growth.
"We are expecting a further correction in prices in the next couple of years, " said Mr. Loizou, who is in charge of the surveyor group's property price and rental index.
The government will rely more on public investment to boost growth and is less likely to cut interest rates further in the rest of 2012, to avoid a resurgence of a property price bubble.
Now, with the world slowing, Japan has little to show beyond an urban property-price spike.
Property-price movements are still uneven, despite the government's determination to keep a tight grip on the sector.
All this makes it easy to see how a property-price bubble can develop.
The mortgage market is still young: a startling aspect of Moscow's wild property-price boom is how little it is driven by mortgages.
But the Bank will be loth to repeat the mistake of the late 1980s, when too lax a monetary policy inflated a property-price bubble.
Hence, a large current-account deficit that fuels consumption (as in Mexico in the early 1990s) or a property-price bubble (as in Thailand until last year) may be a problem.
In effect, with Bear Stearns being sold for such a low price, including its valuable office property, the price of the securities portfolio is zero.
They have been forced to cut the prices of their new homes by as much as 30%, unloading property at any price to avoid bankruptcy.
Ask any agent: even in the toughest markets, there are listing that sell quickly, mostly because the one-two punch of the property and its price look to buyers like a very strong value.
The Land Registry, which records all completed property sales in England and Wales, has been recording the price of all property sales since April 2000, although the data now goes back to January 1995.
However, when you find the right property at the right price, it will all seem worthwhile.
In a well-functioning market, the price of property should bring demand and supply into equilibrium.
He says newcomers can get a shock on arrival due to the high price of property and the lack of qualified staff.
His bet is that he will be able to get a similar property at a lower price sometime in the next few years.
While foreign investors consider it onerous, many still invest in the U.S. because of its clear legal system and a transparent property market, where price and performance data is easy to obtain.
This has obvious implications for the price of property and other goods and services in areas where these workers choose to live, work, play, mingle and spend some of their ever-growing wealth.
ECONOMIST: How individuals can survive in the new world of work
One of the main complaints of genuinely rural types is that townies with weekend cottages not only force up the price of property, thus driving out the rural young, but also get away with paying only 50% of the standard council tax, on the grounds that they do not use local services as much as full-time residents.
With all the implications that has for the price of decent property in the capital.
Wealthy property sellers generally abstained from price cuts and waited patiently for interest to materialize.
FORBES: One Bright Spot of The E.U. Crisis: Killer Real Estate Deals
Notwithstanding the advent of telecommuting, the effects of price changes in property markets have become increasingly localised.
ECONOMIST: Property markets: High rise, with a hint of vertigo | The
And just looking at that stuff and thinking realistically, are these pieces of property really worth the asking price?
应用推荐