Growth in Global residential property prices

Knight Frank’s Global House Price Index which records mainstream residential property prices in 53 countries currently stands at 4% above its peak in Q2 2009 and 12.7% above its low in Q2 2009, exceeding its pre-financial crisis high.

Over 14% more countries showed an increase in residential property prices between January and September of this year compared to the same period in 2011. This performance is the result of a number of emerging markets along with strong annual price increases in Hong Kong, China and Dubai. Taiwan, Indonesia, Turkey and Brazil also recorded strong growth from January to September of this year.

Along with Dubai, Ireland is continuing to impress with its strong house price recovery. Ireland now ranks 5th in the index for house price growth based on quarterly growth, with prices rising 4% on average from July to September of this year. This is an increase of 9.4% from 2011.

For more information see the Global House Price Index 

Leave a Reply

Your email address will not be published. Required fields are marked *