Dairy farm residences price

Information may not be reliable

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.