Countries around the world dragged down the U.S. housing crisis.

Bogged down in the quagmire of the U.S. housing market, property market bubble just like the plague has spread to the United Kingdom, Japan property market and spread to European and Asian countries, including Ireland, Britain, Spain, Baltic States, North India and South China and other countries of the property market, the recent housing .prices are showing a declining trend. .<P 0px> (http://finance.) Subprime mortgages led to the U.S. housing market downturn, leading to many other parts of the world turned around and started down the source of the property market. .It quoted a British university professor saying that the "American problem has spread to Europe, even worse, far worse than we thought it would be sad!" Real estate experts predicted that, especially in European countries face than .U.S. situation worse and may even lead to large-scale property market crash. .UK property market is at stake </ P> <P> Britain's biggest mortgage lender Halifax released on April 8 report, the UK March house prices fell 2.5% the previous month, for the past 16 years, the biggest monthly decline since. .Previously, the UK Housing Mortgage Association's survey also showed that the UK March house prices have dropped for five consecutive months, two housing data show that the UK property market fell into the channel, analysts predicted that the British property market, not this year .optimistic about the short term, warmer hopeless. .</ P> <P> both the price index for March have shown that UK house prices have slipped into the channel, the property market boom is rapidly becoming downhill, institutions and predicted UK house prices this year and next will be .down one percent. .House prices stumble endlessly, volume began to shrink, Britain's biggest mortgage provider HBOS forecasts, trading volume this year, the UK property market may shrink up to three percent. .Both volume and price slump, the UK property market began to show the precarious future, or continues to decline. .</ P> <P align=center> Ireland property prices show frustration </ P> <P> in the United Kingdom although grim, but Spain and Ireland, the problem is more serious. .According to IMF estimates, the country's property market after sixteen years of rapid development, the property has been overvalued by 30%, the highest rate of the developed one. .However, a recession in the property market after the country's current average price has decreased by 7% over last year, the highest rate is also a European country. .Group estimates that a British property agency, local prices will fall further 7% this year. .Some owners of the country still refuse to believe that property prices have dropped, but many developers is to accept the reality began to smaller units of sale price reduction. .A property agent said that although the number of property transactions fell by 25%, but the market collapse is not considered, in part because the country's lenders, the industry is not as radical as the United States, so the mortgage off, or repossession of the case yet for large-scale .emerge. .</ P> <P> Nevertheless, the analysis is still worried about the property market recession will hit the Irish economy. .During the property boom, the country attracted a large number of foreign construction workers to local working and living, they boost the housing rental market in Ireland, but also enhance the local property market, many investors confidence. .Once these workers leave, it will hit on the housing rental market, resulting in repossession surge of cases, seriously affecting the economy. .</ P> <P align=center> Spain Housing little interest </ P> <P> in Spain, the amount of residential construction over the past decade up to four million, the ratio of the United Kingdom, Germany and France put together the number of housing .to be more. .As the country's hot economy attracted many immigrants, who are keen to visit the Nordic Mediterranean resort, so that parts of the country's property prices increased by more than twice as much. .But now, tight mortgage lending and property prices to drop abruptly, the property market make it back. .According to IMF estimates, the local value of the property is generally overestimated by 15%, so the emergence of the market nobody cares about the thousands of vacant houses. .</ P> <P> In this case, Spain's real estate by the blow. .Barcelona, a property agent in charge, said the company last month completed forty houses still trading, but only made six to seven month trading as if the property market for five years as it is now .The company will close down. .Economic analysis will therefore be expected to lower economic growth in Spain, and one of the country's largest bank BBVA is estimated that this year the unemployment rate will rise to 8.6% from last year's 11%. .</ P> <P align=center> say goodbye to the Asian property market, Yung King </ P> <P> Japan's Transport Ministry announced on March 31, in February housing starts decline the eighth consecutive month, another data show .As of February, the Japanese metropolitan area apartment sales losing streak of six months, and the slump in housing prices in some parts of Tokyo into three, and even the world's most expensive hotel in Japan there have been devalued. .There are indications that Japan's property market has obvious signs of cooling down. .</ P> <P> three into a housing slump Tokyo, Japan, Takashi Tsuchiya, Chief Researcher, Institute of Real Estate One analysis pointed out that the biggest reason is that foreign investment funds suffered the pain of the subprime crisis, from the second half of last year, has begun withdrawing capital from Japan, .city center was a result of the passivation and the uncertainty premium. .</ P> <P> the property market in Asia, the situation is not optimistic. .Stabilize the stock market suddenly jumped once, after so many people invest in real estate no money and then approach has always been very active in the Hong Kong property market, the recent slowdown has had. .Shaken confidence in the purchase occasion, the Indian capital New Delhi and other north Indian cities, house prices have fell back last year, nearly 20%. .Even in parts of China, prices are no longer rising. .</ P>.