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.
...
China
5-year price growth: 110.9 per cent
Ranking: 1
...
Hong Kong
5-year price growth: 93.7 per cent
Ranking: 2
...
Israel
5-year price growth: 54.5 per cent
Ranking: 3
...
Singapore
5-year price growth: 50.5 per cent
Ranking: 4
...
Colombia
5-year price growth: 39.4 per cent
Ranking: 5
...
Taiwan
5-year price growth: 30.1 per cent
Ranking: 6
...
Canada
5-year price growth: 28.7 per cent
Ranking: 7
...
Norway
5-year price growth: 28.7 per cent
Ranking: 7
...
Malaysia
5-year price growth: 28.5 per cent
Ranking: 9
...
Switzerland
5-year price growth: 27.5 per cent
Ranking: 10
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