Hottest property prices around the world

House prices around the world now sit 4 per cent above their 2008 peak and confidence in most markets is growing, according to Knight Frank, a property consultancy firm.

Let's see some of the hottest property prices around the world.

Source: CNN Money

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Dubai, United Arab Emirates

Rise in house prices: 28.5 per cent in one year

Overall rank in increase in property prices: 1

Dubai, one of the biggest tourism and trade hubs in the world, saw property prices rise more than 28 per cent in one year.

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China

Rise in house prices: 21.6 per cent in one year

Overall rank in increase in property prices: 2

China, the fastest growing economy in the world, saw property prices rise more than 21 per cent in one year.

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Hong Kong

Rise in house prices: 16.1 per cent in one year

Overall rank in increase in property prices: 3

Hong Kong, one of the biggest financial centres in the world, saw property prices rise more than 16 per cent in one year.

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Taiwan

Rise in house prices: 15.4 per cent in one year

Overall rank in increase in property prices: 4

Taiwan, which has a per capita income of $39,580, saw property prices rise more than 15 per cent in one year.

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Indonesia

Rise in house prices: 13.5 per cent in one year

Overall rank in increase in property prices: 5

Indonesia, which has a per capita income of $5,182, saw property prices rise more than 13 per cent in one year.

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Turkey

Rise in house prices: 12.5 per cent in one year

Overall rank in increase in property prices: 6

Turkey, which has a per capita income of $18,348, saw property prices rise more than 12 per cent in one year.

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Brazil

Rise in house prices: 11.9 per cent in one year

Overall rank in increase in property prices: 7

Brazil, which has a per capita income of $12,118, saw property prices rise nearly 12 per cent in one year.

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Colombia

Rise in house prices: 11.8 per cent in one year

Overall rank in increase in property prices: 8

Colombia, which has a per capita income of $10,791, saw property prices rise 11.8 per cent in one year.

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Germany

Rise in house prices: 11.2 per cent in one year

Overall rank in increase in property prices: 9

Germany, which has a per capita income of $39,468, saw property prices rise 11.2 per cent in one year.

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United States

Rise in house prices: 11.2 per cent in one year

Overall rank in increase in property prices: 10

United States, which has a per capita income of $52,839, saw property prices rise 11.2 per cent in one year.