In recent years, the global housing market has witnessed faster price hike during a longer period time with far more wide-ranging impact than any other period of time before, not only in developed countries such as the US, UK, France, Spain, Italy, Belgium, Denmark, Sweden and Australia, but also in Brazil, India, Thailand and other developing countries.
From 2001 to 2006, housing price in the US, France and the UK rose by 54.9%, 50% and 85.4% respectively, while the single-year price hike in the three countries was 11.32% in 2005 for the US, 16.25% in 2005 for France and 24.86% in 2002 for the UK.