The gains represent a sharp rebound from last year, when the funds lost 10.1%. In 2011, investors fled many foreign real estate stocks because of fears that the crisis in Europe could lead to a global downturn. The losses were particularly severe in China, where the government took steps to cool overheated real estate markets. This year the picture has improved in many markets. To boost its economy, the Chinese central bank has cut interest rates and made it easier for banks to make loans. In countries such as Australia and Japan, the economies are growing slowly, and the crisis...
http://www.thestreet.com/story/11759742/1/global-real-estate-funds-see-sharp-rebound.html?source=Patrick.net
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