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The striking aspect is the two boom cycles experienced by the United Kingdom and Netherlands in both the late 1980's and post 2001. Japan collapsed after 1991 and never recovered.
The 2000s was characterised by an era of cheap credit fueled by the Greenspan-led United States Federal Reserve which rippled worldwide that drew in Ireland, Spain and Australia. It's surreal and one wonders, within this context, the extent to which Fannie Mae and Freddie Mac were responsible for the 2008 US subprime housing bust.
The stand-out is Germany whose real house prices remained startling flat throughout most of this period...only to fall from the mid-2000s...reflecting a culture of renters and / or financial probity.
Alas, the historic data on mainland China is near impossible to obtain. The country didn't really open up fully for private enterprise until 1992. I'm sure the size of the current property bubble there will render its growth performance vis-à-vis 1970, to be off the charts.
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