Countries where property prices have fallen, risen

There are some countries where property prices are increasing every year, while there are some nations where they are falling.

Let's take a look at the global real estate market.

Source: The Economist

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South Africa

Change in property prices (2000 to 2012): 121.2 per cent

Overall rank in housing prices: 1

South Africa, the biggest economy in Africa, is a major exporter of minerals, diamonds and food stuff.

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Hong Kong

Change in property prices (2000 to 2012): 106.7 per cent

Overall rank in housing prices: 2

As Hong Kong, one of the biggest financial centres of the world, lacks space it's the most vertical city in the globe.

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Canada

Change in property prices (2000 to 2012): 85.8 per cent

Overall rank in housing prices: 3

Canada, which has the 11th-largest economy in the world, has booming manufacturing, logging and oil sectors.

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New Zealand

Change in property prices (2000 to 2012): 79.7 per cent

Overall rank in housing prices: 4

New Zealand, one of the most business-friendly countries in the world, has booming tourism and milk-based industries.

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Sweden

Change in property prices (2000 to 2012): 79.2 per cent

Overall rank in housing prices: 5

Sweden, which has a highly capitalist economy, is one of the biggest exporters of automobiles, telecommunications and pharmaceuticals.

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France

Change in property prices (2000 to 2012): 77.9 per cent

Overall rank in housing prices: 6

France, the fifth-largest economy in the world, has one of the highest per capita incomes in the globe.

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Australia

Change in property prices (2000 to 2012): 74.6 per cent

Overall rank in housing prices: 7

Australia, one of the largest economies in the world, is heavily dependent on the services sector.

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Belgium

Change in property prices (2000 to 2012): 60.4 per cent

Overall rank in housing prices: 8

Belgium, which has an excellent infrastructure, is one of the major trading nations.

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Britain

Change in property prices (2000 to 2012): 55.6 per cent

Overall rank in housing prices: 9

Britain, one of the biggest financial centres in the world, is witnessing major revival in property prices, especially in London.

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China

Change in property prices (2000 to 2012): 38.7 per cent

Overall rank in housing prices: 10

China, the fastest-growing economy in the world, is a major manufacturing and trade power in the globe.

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Switzerland

Change in property prices (2000 to 2012): 36.8 per cent

Overall rank in housing prices: 11

Switzerland, a haven for global investors, is a major exporter of dairy products.

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Spain

Change in property prices (2000 to 2012): 26.2 per cent

Overall rank in housing prices: 12

Spain, which has a highly developed economy, is going through tough economic times, but property prices have risen.

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Italy

Change in property prices (2000 to 2012): 22.9 per cent

Overall rank in housing prices: 13

Italy, one of the biggest manufacturers of high-end cars, has seen property prices increase nearly 30 per cent in past 12 years.

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Denmark

Change in property prices (2000 to 2012): 22.4 per cent

Overall rank in housing prices: 14

Denmark, which has one of the highest per capita incomes in the world, is a major exporter of dairy products.

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Austria

Change in property prices (2000 to 2012): 17.4 per cent

Overall rank in housing prices: 15

Austria, a highly developed economy, is a major trading partner of European Union.

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Singapore

Change in property prices (2000 to 2012): 16.5 per cent

Overall rank in housing prices: 16

Singapore, one of the biggest financial centres in the world, is a major trading hub.

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The Netherlands

Change in property prices (2000 to 2012): 3 per cent

Overall rank in housing prices: 17

The Netherlands, one of the richest economies in the world, is a major exporter of dairy products.

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Japan

Change in property prices (2000 to 2012): Minus 29.9 per cent

Overall rank in housing prices: 18

Japan, one of the economic powerhouses in the world, saw property prices fall nearly 30 per cent in the past 12 years.

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Ireland

Change in property prices (2000 to 2012): Minus 9.4 per cent

Overall rank in housing prices: 19

Ireland, which had one of the fastest-growing economies before the 2007 credit crunch, saw a nearly 10 per cent drop in property prices in the past 12 years.

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Germany

Change in property prices (2000 to 2012): Minus 9.3 per cent

Overall rank in housing prices: 20

Germany, the economic powerhouse of Europe, saw property prices fall more than 9 per cent in the past 12 years.