Türkiye is in 2nd place in the rating of housing price growth!
Leading property consultancy Knight Frank has conducted a study of house price growth over a 12-month period from March 2014 to March 2015. The results, based on quarterly government statistics, have produced the Global House Price Index. The study found that Hong Kong is currently the leader in house price growth, with prices rising by 18.7%.
Turkey is a close second in the rankings, with prices increasing by 18.6%, followed by Ireland in third place, with prices increasing by 16.8%. Then come Luxembourg – 12.1%, Estonia (11%), Colombia (9.5%), New Zealand (9.5%), Iceland (9.4%), Sweden (8.8%) and Norway (7.2%).
European countries Greece, France and Italy saw marginal declines, with house prices in these countries falling by an average of 3.6%.
Ukraine, Cyprus and China occupy the bottom places in the annual price growth rankings: a fall of 15.5%, 8.2% and 6.4% respectively.
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