Historical Data on Residential Property Prices in Major World Cities
Category: Business and Money > Economics
Asked by: horseforest-ga
List Price: $15.00
05 Nov 2006 22:43 PST
Expires: 05 Dec 2006 22:43 PST
Question ID: 780423
I?m considering buying a condominium in either Hong Kong or Shanghai, but I?m wondering if the timing is right and would like to look back at monthly (or failing that, at least quarterly) data over the last 15 years to see what residential real estate prices have been doing. I have a vague feel for what prices have been doing in Tokyo, Montreal, and Monaco during this period, and it would be very useful if there were data series on the Internet that would allow me to chart the data for different cities, combining prices for say Tokyo and Hong Kong to see what they?ve been doing. I would hope that this data would be in the public domain and that there would be sites allowing users to look up the data for free in the same way that Oanda.com and other sites allow users to look up and chart historical forex data for all currencies for free. If a free site does not exist, I would want to know what are the sites that offer the most comprehensive data (including the most cities, with the historical data going furthest back in time) for the lowest price.
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Re: Historical Data on Residential Property Prices in Major World Cities
From: myoarin-ga on 06 Nov 2006 01:24 PST
Just a free comment: Personally, I doubt that using the historical data you ask for is the best way to make a decision about where to buy a condominium in China. The economic development in China and the unique political situation in Hongkong have changed too much in recent years for trends of the past to have much bearing. For example, there has obviously been a housing construction boom in Shanghai in recent years. I expect that prices have risen with the demand, but this may have led (or may lead) to too much construction and a fall in prices. The political situation in China is such that there could be controls on prices or restrictions on further contruction or foreign ownership, any of which could influence the future value of a condo. I believe better sources of information would be a selection of analyses of the present real estate markets, from which you could make a decision. Good luck.
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