According to the Halifax, property prices in the UK rose by 0.6% last month which more or less wiped out the previous months decline of 1%, yet Reuters reported that prices were in decline. So who is in the right and who is in the wrong?
Prices At One Hyde Park Could Hit £10,000 per Square Foot by 2016
According to a report in Arabianbusiness.com, prices at One Hyde Park in Knightsbridge London could hit £10,000 a square foot by 2016. The development of 86 prime residential apartments already sells for £7,500 a square foot, an incredible increase of £3,000 since the development was launched in 2006. The project is owned by Project Grande
Australian Real Estate Prices Fall for Six Consecutive Months
According to an article in Property Wire, property prices in Australia’s state capitals have now fallen for six straight months, and there are worries that interest rate rises and volatile financial markets could make the situation worse. The latest figures from the Data-Rismark Hedonic Home Value Index show that property values decreased by 0.2% in