House prices in Dubai market has foundered in the past year and in the Baltics, it is also bad. In Central Europe and in Israel has the prices are rising.

It is the UK valuation firm Knight Frank, which has produced a summary of the global housing market. The company has looked into the prices of houses between the third quarter of 2009 and the same period last year.

Overall, the world’s housing markets have recovered over the past year and more than two thirds of the 42 countries that Knight Frank unit has experienced price increases over the last three months. Despite this, the average price levels are lower in 60 percent of the country than they were a year ago:

“House prices will now rise in a clear majority of the countries included in the study. This can be compared with the second quarter, when prices rose in 50 percent of the countries,” says Liam Bailey, head of house analysis at Knight Frank.

Most of all has the prices raised in Israel. Here has the prices going up an average of 14 percent. Although Malta and Alpine countries Switzerland and Austria have seen sharp increases in house prices over the past year. During the last quarter, have the housing market in Singapore increased strongest and climbed by over 15 percent.

Sweden is among the countries in the minus column. The Swedish house prices have dropped, with 0.4 percent during the past year. This puts Sweden in the middle of the table.

Dubai has the worst problem. Prices have almost halves in the Emirate over twelve months.   With this place Dubai itself at the bottom of the list, before the two Baltic states of Estonia and Lithuania and Bulgaria.

Knight Frank also notes that several countries in Europe have not yet seen rising house prices during a single quarter after the credit crisis. These include Spain Ireland and Denmark.

Footnote. Knight Frank house price index is compiled using official data from each county’s statistical agency.

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The Sales of new one-family houses in the U.S. rose by 0.3 percent in April compared with the month before, to an adjusted annual rate of 352,000 units, shows statistics from the Department of Commerce.

Analysts had expected an annual rate of 360,000 units in April, which would mean an increase of 1.1 percent compared with March month provisional figure. March figure was revised to an annual rate 351,000 units (356,000).

The availability of new home for sales fell to 297,000 in April compared with the revised 310,000 the previous month (311,000). “House layer” is enough to cover sales in the 10.1 months, compared with the revised 10.6 months the previous month (10.7).

The house prices in 20 metropolitan areas around the United States fell 18.7 percent in March compared to the same month in 2008, according to S & P / Case Schiller index. Compared with February, prices fell by 2.2 percent in March.

The largest price falls in March 2009, compared with March 2008, reported with Phoenix -36.0 percent, Las Vegas, -31.2 percent and San Francisco, -30.1 percent.

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Lowest price falls reported from Denver, -5.5 percent, Dallas, Boston and -5.6 percent, -8.0 percent.

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In New York fell the prices with 11.8 percent in March, compared to the same month in 2008. In Los Angeles fell the prices with 22.3 percent and in Chicago was the price drop of 18.6 percent.

S & P / Case Schiller index based on repeat sales and give therefore a more accurate picture of price trends than indicated in the context of sales statistics for existing homes. The limited sample size could lead to the index overstates price increases in prices as compared to the broader measure of progress for the American house prices.