Friday 30 January 2009

38% of American Think It is Good Time to Buy Real Estate.

This is very interesting research that track the Worldwide Barometer of Financial Crisis. It is quite encouraging to see that American are, despite recent economic and financial meltdown, quite optimistic about future, especially real estate, compared other major countries.

Here is detailed results on real estate related questions:
"In general, do you believe it is a good or bad time to buy a house?"

38% of American has responded "Good Time", second highest in optimism after Swiss. I believe it has lot to do with the fact that 1) US real estate has declined quite dramatically already (compared to other countries) and 2) American Love Affair with Real Estate.

Country Good Time Not Sure Not Good Time DK
Switzerland 57 11 25 7
USA 38 26 27 9
India 37 29 26 8
Austria 37 14 40 9
Germany 32 26 30 12
Spain 31 6 61 2
UK 28 30 39 3
Brazil 27 13 55 5
Canada 26 37 26 11
Netherlands 22 7 63 8
Korea 21 34 39 6
Italy 18 13 65 4
France 17 36 37 10
Iceland 13 16 66 5
Japan 12 29 49 10
China 11 49 36 4
Russia 7 28 47 18
Total 25 24 43 8
*G8 22 28 40 10
*BRICs 20 30 41 9

Here is the gist of research and download link, I highly recommend this research if you are global minded. This research clearly shows characteristic of nationality and various stages of economic development of surveyed countries.
Download full research at:
http://www.winmr.com/doc_upload/WIN%20CRISIS%20INDEX.pdf

WIN conducted the first wave of the WIN Crisis Index interviewing 14,555 respondents in 17 countries simultaneously. The objective of the survey is to evaluate the respondents’ perception of the financial crisis in their countries. The WIN Crisis Index will be conducted every 3 months. The countries of the G8: Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States, included in the 17 countries surveyed, are also included in each table. The same has been done for the countries known as BRIC: Brazil, Russia, India and China.

Happy Investing!!!!!

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