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This article was first published 12 years ago

Hottest real estate markets in the world

Last updated on: April 27, 2012 13:26 IST


Photographs: Arnd Wiegmann/Reuters

It is expected that the global real estate market will see some major improvements in the latter half of the year.

CNBC has worked out a list of world's 10 hottest property markets based on a study conducted by global real estate consultancy Knight Frank. This study ranks nations according to highest average growth in housing prices from the fourth quarter of 2006 to the same period in 2011.

To give a clear perspective, the national five-year averages reflect mainstream housing prices in most countries expect for China. Here, China only includes home prices in Beijing and Shanghai.

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Hottest real estate markets in the world

Image: A view of the Guomao Bridge (bottom) in Beijing's Central Business District.
Photographs: Jason Lee/Reuters

China

5-year price growth: 110.9 per cent

Ranking: 1

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Hottest real estate markets in the world

Image: Hong Kong's financial district.
Photographs: Tyrone Siu/Reuters

Hong Kong

5-year price growth: 93.7 per cent

Ranking: 2

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Hottest real estate markets in the world


Photographs: Gil Cohen Magen/Reuters

Israel

5-year price growth: 54.5 per cent

Ranking: 3

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Hottest real estate markets in the world

Image: A general view shows the skyline of Singapore's Financial District.
Photographs: Tim Chong/Reuters

Singapore

5-year price growth: 50.5 per cent

Ranking: 4

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Hottest real estate markets in the world


Photographs: Reuters

Colombia

5-year price growth: 39.4 per cent

Ranking: 5

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Hottest real estate markets in the world

Image: A woman walks past the Taipei 101 building in Taipei.
Photographs: Nicky Loh/Reuters

Taiwan

5-year price growth: 30.1 per cent

Ranking: 6

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Hottest real estate markets in the world


Photographs: Shaun Best/Reuters

Canada

5-year price growth: 28.7 per cent

Ranking: 7

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Hottest real estate markets in the world


Photographs: Michael Buholzer/Reuters

Norway

5-year price growth: 28.7 per cent

Ranking: 7

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Hottest real estate markets in the world

Image: The sun sets near the Petronas Twin Towers and Kuala Lumpur Tower (left).
Photographs: Zainal Abd Halim/Reuters

Malaysia

5-year price growth: 28.5 per cent

Ranking: 9

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Tags: , Malaysia

Hottest real estate markets in the world

Image: An aerial view shows the swiss town of Kusnacht, near Zurich.
Photographs: Christian Hartmann/Reuters

Switzerland

5-year price growth: 27.5 per cent

Ranking: 10