House prices are another useful predictor of the non-financial component of household wealth. They have been flat or gently rising in most coun- tries this year, typically lying in the -5% to +5% range. China (6%) and the United States (7%) did rather better than average, along with Brazil, South Africa and India. Hong Kong (17%) and the United Arab Emirates (20%) topped the table. Elsewhere, house prices declined by more than 5% in Russia, Spain, the Netherlands and Hungary, and by 11% in Greece, according to the latest available figures...