Knight Frank has released a report entitled Global House Price Index, which assessed the rate of price increase in real estate markets in the second quarter of 2013. The top ten rankings include only three European countries: Turkey, Estonia and Ukraine, reports ee24.com.
Annual house price growth was recorded in 37 of the 55 countries that participated in the study. The Turkish market is the best in Europe. It showed the growth of 12.2% and took the 6 th place in the rankings. It is followed by Estonia with 11.9% (8th position), and Ukraine, situated on the 10th line with 10.9%.
The worst performance among the European countries is in Greece (-11.5%). Prices are also plummeting in Netherlands (-8.5%), Hungary (-8.2%), Spain (-7.6%), Croatia (-5.5%), Cyprus (-5.3%) and Italy (-5.1%).
The first place in terms of growth in the world goes to Dubai (21.7%), which is followed by Hong Kong (19.1%), and the third place went to Taiwan (15.4%). U.S. market showed a good growth. The prices there grew by 10.2% for the year.
The top 10 countries in terms of growth in property prices over the period of second quarter 2012 to second quarter 2013
1. Dubai 21.7%
2. Hong Kong 19.1%
3. Taiwan 15.4%
4. China 14.8%
5. Colombia 12.7%
6. Turkey 12.2%
7. Indonesia 12.1%
8. Estonia 11.9%
9. Brazil 11.9%
10. Ukraine 10.9%
...
13. Austria 8.5%
...
15. Russia 6.4%
...
19. Germany 5.4%
20. Norway 5.4%
21. Denmark 5.4%
...
23. Slovenia 5.0%
24. Switzerland 4.9%
25. Iceland 4.9%
...
27. Luxembourg 4.1%
...
29. Finland 3.3%
30. Sweden 3.0%
31. Belgium 2.2%
...
33. United Kingdom 1.4%
34. Ireland 1.2%
35. Latvia 1.0%
36. Slovakia 0.2%
...
38. Czech Republic -0.3%
39. Malta -0.7%
40. Romania -0.9%
41. France -1.4%
...
43. Bulgaria -2.1%
...
45. Portugal -2.4%
46. Lithuania -2.6%
47. Poland -3.8%
48. Italy -5.1%
49. Cyprus -5.3%
50. Croatia -5.5%
...
52. Spain -7.6%
53. Hungary -8.2%
54. Netherlands -8.5%
55. Greece -11.5%