Laws banning children from working are often counterproductive. A better approach is to give parents incentives to send their kids to school
Tablets remain a problem in a record-breaking quarter
From Michael Dunn's trial in Florida to discord over open-carry laws in Colorado, the debate about gun control has driven Americans to indulge their worst behavior
The company misses earnings forecasts, drops its 2015 profit goal, and regroups
Chinese millionaires are moving in—and building up—in Arcadia, Calif.
A new book surveys the best places to hide out from the digital world
The two tech giants fight over market share and patents but not over the NBA superstar
More business schools than ever are accepting the GRE as an alternative to the GMAT, according to just-released data
Small businesses are changing hands at the fastest pace since the recession
Sean Gallup/Getty Images
By Leona Liu, Ruth Golby, and Andrea Zammert
Real estate markets worldwide are stabilizing and showing signs of tentative recovery, according to a recent report from London-based global property consultancy Knight Frank. Unlike during the first quarter of this year, when many countries continued to suffer double-digit declines in average home prices, the second quarter saw upticks in half of the countries tracked by Knight Frank, compared with the previous three months. (Year-over-year prices are still down across the board.) Among the remaining countries, none saw a decline of greater than 10%.
The strongest region was the Nordic countries, where prices rose 5.3% in Norway, 3.9% in Finland, and 3.6% in Sweden. The U.S. also saw a rebound, with a 1.7% quarterly increase in average prices. The worst-hit places? Dubai and Bulgaria, where residential property prices fell 7.5% and 9.7%, respectively.
Which countries around the world saw the greatest price increases—and the steepest drops? Click on for a sample, ranked from best to worst performance.
Sources: Knight Frank Global House Price Index & 2009 Annual Review and Outlook