In this item at the The Economist, the graphics department has updated their global home price data series and interactive charting tools to enable this long-term view of global home prices that, by itself, is pretty interesting.
Clearly New Zealand, Singapore, Australia, the U.K., and Italy have had a pretty good run over the last 40 years, all of which makes the late, great U.S. housing boom, bubble, and bust pale in comparison. But, look what happens when you add in a few more countries.
Note how a change in scale is required in the chart below as, with the addition of South Africa, Spain, and Ireland, the right-hand scale triples, casting all those bubbly looking curves in the first chart in a distinctly different light.
Note that a complete data set over the time period shown is not available for Austria, China, or Hong Kong and that’s really too bad because, as best I can tell, Hong Kong would be up there with Spain and Ireland, in a remarkable boom that has yet to go bust.
[Hear More: Puru Saxena: China's Real Estate Bubble Is a Disaster Waiting to Happen
Source: Iacono Research
