- 4 May, 2004 -

For the past three years, the real estate market values in Shanghai has been growing by over 20% annually. Last year real estate values in this large Chinese city increased 28%. The municipal government has recently issued rules to hold back mortgage loans and prevent short-term investors from buying before the buildings are finished. Foreign money is being heavily invested in Florida real estate according to local and international officials who attended the recent Metro Orlando International Summit held at Disney World. Investors from France, Canada and Saudi Arabia appear to be leading the way. Inflation of real estate prices is also strong in Great Britain, where housing prices have been growing at nearly 20% in recent years. Interest rates have risen three times in recent months

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