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.
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