Europe’s property markets are surging. The Global Property Guide has compiled and analyzed the property price performance of the world’s big economies.
We have put together a list of the top 10 markets based on year-over-year, inflation-adjusted price performance as of the fourth quarter of 2014.
The chart accompanying each slide shows the year-over-year percentage change in house prices, with markets ranked from the least to most quickly appreciating.
10. South Africa
Home prices in South Africa rose 8.10% year-over-year, which was more than 2013’s increase of 3.91%.
Prices rose 1.95% from the previous quarter.
Source: Global Property Guide
9. UK (Nationwide)
Home prices in the UK rose 8.34% year-over-year, which was more than 2013’s increase of 7.07%.
Prices rose 0.10% from the previous quarter.
Source: Global Property Guide
8. Israel
Home prices in Israel rose 8.45% year-over-year, which was more than 2013’s increase of 7.38%.
Prices rose 2.01% from the previous quarter.
Source: Global Property Guide
7. Sweden
Home prices in Sweden rose 8.57% year-over-year, which was more than 2013’s increase of 3.90%.
Prices rose 1.16% from the previous quarter.
Source: Global Property Guide
6. Japan — Tokyo
Home prices in Japan rose 10.92% year-over-year, which was more than 2013’s increase of 5.58%.
Prices rose 5.75% from the previous quarter.
Source: Global Property Guide
5. Estonia (Tallinn)
Home prices in Estonia rose 12.09% year-over-year, which was less than 2013’s increase of 18.24%.
Prices rose 2.47% from the previous quarter.
Source: Global Property Guide
4. Hong Kong
Home prices in Hong Kong rose 13.26% year-over-year, which was more than 2013’s increase of 7.69%.
Prices rose 4.24% from the previous quarter.
Source: Global Property Guide
3. Ireland
Home prices in Ireland rose 16.29% year-over-year, which was more than 2013’s increase of 6.38%.
Prices rose 3.83% from the previous quarter.
Source: Global Property Guide
2. UAE — Dubai
Home prices in Dubai rose 16.48% year-over-year, which was less than 2013’s increase of 23.79%.
Prices fell 0.88% from the previous quarter.
Source: Global Property Guide
1. Turkey
Home prices in Turkey rose 16.89% year-over-year, which was more than 2013’s increase of 13.61%.
Prices rose 3.83% from the previous quarter.
Source: Global Property Guide