According to an analysis in Bloomberg Businessweek (July 26 – August 1, 2010), home prices in Asian cities (see chart which follows) together with some Scandinavian countries, significantly increased during the first quarter 2010 as compared to the same period in 2009.

During the comparison period, housing prices continued to decline in Europe and decreased 0.23 percent in the U.S.

Change in First Quarter from Prior Year, Adjusted for Inflation

Hong Kong

+27%

Athens

-5%

Singapore

+2%

Croatia

-5%

Taiwan

+18%

Spain

-6%

Australia (8 cities)

+17%

Slovakia

-9%

Israel (2)

+12%

Iceland (3)

-14%

Finland

+11%

Ireland

-16%

Sweden

+10%

Bulgaria

-19%

China (Shanghai)

+8%

Thailand

-20%

Norway

+8%

Lithuania

-22%

U.K.

+5%

Latvia (Riga)

-32%

Source: Global Property Guide; National Institute for regional and Spatial Analysis; Anglo-Saxon Realty.