Sunny forecast: Where are the prospects bright for 2010? We asked the experts...
'Some markets barely wobbled, some wobbled and bounced, some have recovered a bit and some are still languishing,' he says. Top performer is Australia 'which has been incredibly buoyant.
The latest figures show the market at an all-time high,' says Mr Rubinsohn. Bottom are the Baltic states, for which there are no reliable overall figures, but which may well have further to fall. Asia seems to have sprung back to life - although you have to take data from that region with a pinch of salt, he says.
Scandinavia is picking up well. According to the RICS, America is still about 30 per cent down from its peak, but the low was hit in April last year. Europe is picking up, although mass development in Spain is still in dire straits.
'It's still tough, absolutely,' says James Price, a partner at Knight Frank International. 'The one thing that is governing everything at the moment is that people are coming back to well-established core markets which are a bit more predictable and user-friendly.'
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