Mixed outlook for global property

The outlook for the global property market will vary across the regions according to how each country is performing economically. Property prices in the UK and US are expected to level out as interest rates rise, while in Australia there could be price falls. In Europe, the biggest rises should be in the holiday destinations areas such as Spain and France. Milan Khatri, chief economist at the Royal Institute of Chartered Surveyors (Rics), says: "In the US, price rises have been relatively strong throughout the first six months of the year. However, the housing market will depend on the s...