According to the report of the Knight Frank about property prices in Q4 2013, leaders of growth were Dubai, China, Taiwan, Estonia and Turkey. Houses and apartments in Estonia went up in value by 14.5% y-o-y, and in Turkey - by 13.8%. Property in Poland is now by 10.2% more expensive than a year earlier, according to ee24.com citing knightfrank.com.
In the second ten of the list there are such European countries as Iceland (8.7%), United Kingdom (7%), Ireland (6.4%) and Luxembourg (5.5%). Property prices also increased in Austria, Sweden, Latvia, Denmark, Germany, Belgium, Lithuania, Norway, Romania and Malta.
Prices for property in Portugal dropped by 0.5%, in Finland - by 0.6%, in Czech Republic - by 0.9%, in Bulgaria - by 1.2%, in France - by 1.4%. Real estate in the Netherlands is cheaper by 3.7%, in Spain - by 4%, in Italy - by 5.3%.
Cyprus (-7.3%), Hungary (-7.5%), Greece (-9.3%) and Croatia (-14.4 %) are leaders of fall in prices. At the same time, the Croatian market has a good prospects. Although the decline in prices in 2013 amounted to 14.4%, prices in Q2-Q4 dropped only by 0.8%.