The second quarter survey by "Global Property Guide" indicates signs of recovery in some residential real estate markets around the world.
The survey found that housing prices in Israel were 8.4% higher in the second quarter of 2009 than in the corresponding quarter of 2008 - the highest growth in any market in the survey.
Housing prices rose in the second quarter in seven countries where they had fallen in 2008: an increase of 3.73% in Australia whilst in New Zealand by 3.31%
Other countries with increases are:China, Portugal, France, Sweden, and Hong Kong .
Housing prices in most markets were still lower in the second quarter than in the corresponding quarter, indicating that the crisis in the global residential real estate market is not yet over.
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