Dairy farm residences price

Not for real

But is this rosy picture for real? When adjusted for inflation, the picture changes remarkably.

Indonesia, for instance, is having a dairy farm residences price difficult time battling inflation. Pushed by rising global oil prices, Indonesia’s consumer price index rose 10.5% in 2005, and is expected to rise 14.2% in 2006. Corrected for inflation, Indonesia’s house prices actually fell 8.4% in 2005 and 7% y-o-y during 2Q 2006.

This year’s mild nominal price fall in Hong Kong (3.7%) is amplified by considering inflation. Dwellings prices have actually fallen by 6% in real terms.