Global Property Guide analyzes the performance of the world's largest economy countries with its real estate prices that are listed as the fastest and slowest valued markets.
According to the annual increase of property prices in the fourth quarter of 2014 Turkey leads the list. Here is the list of 10 world's fastest growing real estate markets:
1. TURKEY
Home prices in Turkey rose 16.89% year-over-year, which was more than 2013’s increase of 13.61%.Prices rose 3.83% from the previous quarter.
2. UNITED ARAB EMIRATES - DUBAI
Increase in property prices in Dubai is 16.48% for the previous year.The prices fell 0.88 percent on a quarterly basis.
3. IRELAND
Home prices in Ireland rose 16.29% year-over-year, which was more than 2013’s increase of 6.38%.Prices rose 3.83% from the previous quarter.
4. HONG KONG
Home prices in Hong Kong rose 13.26% year-over-year, which was more than 2013’s increase of 7.69%.Prices rose 4.24% from the previous quarter.
5. ESTONIA
Home prices in Estonia rose 12.09% year-over-year, which was less than 2013’s increase of 18.24%.Prices rose 2.47% from the previous quarter.
6. JAPAN -TOKYO
Home prices in Japan rose 10.92% year-over-year, which was more than 2013’s increase of 5.58%.Prices rose 5.75% from the previous quarter.
7. SWEDEN
Home prices in Sweden rose 8.57% year-over-year, which was more than 2013’s increase of 3.90%.Prices rose 1.16% from the previous quarter.
8. ISRAEL
Home prices in Israel rose 8.45% year-over-year, which was more than 2013’s increase of 7.38%.Prices rose 2.01% from the previous quarter.
9. UNITED KINGDOM
Home prices in the UK rose 8.34% year-over-year, which was more than 2013’s increase of 7.07%.Prices rose 0.10% from the previous quarter.
10. SOUTH AFRICA
Home prices in South Africa rose 8.10% year-over-year, which was more than 2013’s increase of 3.91%.Prices rose 1.95% from the previous quarter.
13/04/2015
