World House
Prices Slow

“Home!” cried Dorothy – “And this is my room – and you’re all here! And I’m not going to leave here ever, ever again, because I love you all! And – Oh, Auntie Em – there’s no place like home!”

Well, Dorothy's journey to find the Wizard of Oz and her return to Kansas is not unlike UK investors' journey to buy abroad. Next and final stop is home. As price growth in property slows across the world, the cleverer British buyers of property across the planet are deciding the market is peaking and are bringing their money back to Western Europe.

According to estate agent Knight Frank, price growth is slowly but surely beginning to decline in most locations globally. The impact of lower interest rates has led to sharply higher prices across Europe, Asia and the Americas. This upward trend in asset prices is moving to a close as interest rates either remain level or begin to rise. At the same time, the emerging economies are still dominating the top of the growth table – with the recent EU accession states being classic examples. Growth in prices here reflects wider mortgage market reform and rising wealth in expanding economies.

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