Housing prices are a bellwether of economic conditions. According to The Global Property Guide current inflation-adjusted report for house price changes for the year ending 1Q 2009, the house prices in Switzerland, Thailand, Austria, and Israel increased. House prices also increased in China-Shanghai but at a substantially lower rate than the previous year.

A few countries in the report, such as Greece, experienced less than one percent change. All the other countries had decreases in house prices, with significantly lower housing prices in Hong Kong, Singapore, the United Arab Emirates and many others.

Check out 2Q 2009 house price changes.