The key highlights are:
- The Knight Frank Global House Price Index increased by 5.6% in the year to June 2017.
- Iceland leads the index for the second consecutive quarter, average prices jumped 23.2% in the year to June 2017.
- New Zealand slipped from third position in the rankings to tenth as annual price growth moderated to 10.4%.
- Five of the top 10 rankings are occupied by European countries this quarter.
- China’s average price growth dipped marginally to 9.6% in the 12 months to June 2017.
Kate Everett-Allen, Partner, International Residential Research at Knight Frank says, “Hong Kong’s stellar performance is perhaps counter intuitive given three rate rises in the last year but strong demand and limited supply are behind its strengthening prices.”
Read more here: Knight Frank Global House Price Index Q2 2017