Global boom in housing prices kept accelerating during 2013, mostly thanks to the US and the Asia-Pacific region. This is according to the Global Property Guide research and official statistics.
The research included the inflation rate and in general it shows that the prices have increased in 27 of the 42 counties that have published statistical data on prices. However the same kind of research but among population of these counties already showed that an increase happened in 31country among 42.
The US market proved to be one of the best so far as it looks better than ever for the past 9 years. According to S&P the national housing index for 2013 increased by 9.37%. All of the major 20 US cities showed growth. Forecasts for the construction industry of the United States remain optimistic. Demand is expected to grow while the economy stays fairly healthy.
As for Europe, half of the region remains at the “survival” stage and among the weakest counties there is Romania where during 2013 the market lost 10.43% after similar losses in 2012 and 2011.
Greece, Finland, France, Norway and Portugal all show negative trends, but comparing to Romania there are signs of future recovery.
Conclusion: The global housing boom continues to gain momentum. Housing prices have been steadily growing in most countries and this trend is unlikely to change in the near future.
As for Panama, housing prices will continue to rise thorough out the entire country.
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