Hottest Real Estate Globally In 2013

Are real estate prices a reflection of their domestic economy, or QE, or QE indirectly owing to depressed interest rates, or  a surge in domestic liquidity for lack of assets to invest in??? Or all of the above. Bubbles everywhere.

The London-based real estate consultancy Knight Frank has released the latest reading of its Global House Price Index, showing that residential prices are now 4% higher than their previous peak in 2008 and 12.7% higher than their 2009 low.
“The index’s strong performance has been assisted not just by headline grabbing price rises in Dubai, China and Hong Kong, but also in a number of emerging markets.Taiwan, Indonesia, Turkey and Brazil recorded price growth of 15.4%, 13.5%, 12.5% and 11.9% respectively in the year to September,” according to the report. One country showing surprising strength is Ireland, which recorded three-month prices increases of 4%, when less than two years ago the country was still seeing price declines of 5% or more per quarter.
So what are the other hottest housing markets around? Here are the Top Ten:
RankCountry12-month Change in Real Estate Prices 
1
Dubai, UAE
28.50%
2
China
21.60%
3
Hong Kong
16.10%
4
Taiwan
15.40%
5
Indonesia
13.50%
6
Turkey
12.50%
7
Brazil
11.90%
8
Colombia
11.80%
9
Germany
11.20%
         10
United States
11.20%


Read more: The 10 Hottest Real Estate Markets Around the World | TIME.com http://business.time.com/2013/12/16/the-10-hottest-real-estate-markets-around-the-world/#ixzz2nhl5FJFe

Comments

soulmate said…
How about Malaysia? Why doesn't include in the list...?