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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Labourers stand on a winch of a crane at a construction site on the outskirts of New Delhi.

Global housing markets are gaining traction as average prices in the third quarter of 2013 increase by 1.5 per cent, according to Knight Frank Global House Price Index.

More than 69 per cent of the countries tracked by the index recorded positive price growth in the year to September, two years earlier this figure was closer to 55 per cent, it said.

Let's take a look at some of the markets that saw biggest increase in residential property prices.

Source: Knight Frank Global House Price Index

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A view of Sheikh Zayed Road in Dubai, United Arab Emirates.

Dubai, United Arab Emirates

Change in prices in 12-month period: 28.5 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 11.8 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 4.5 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 1

Dubai, which is one of the biggest trade and tourism hubs in the world, is witnessing an impressive rebound in the housing market after the post-2008 crash.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Two men walk on a square inside a commercial complex in Beijing, China.

China

Change in prices in 12-month period: 21.6 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 9.7 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 5.5 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 2

China, which is the fastest growing economy in the world, is trying to cool its property market, but, as the index shows, its efforts are not having much impact.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Architect Gary Chang rests in a hammock inside his apartment in Hong Kong.

Hong Kong

Change in prices in 12-month period: 16.1 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 3.4 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 1.8 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 3

Hong Kong, which has a per capita income of $52,687, saw 16 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A man stands on a balcony of a building in Taipei, Taiwan.

Taiwan

Change in prices in 12-month period: 15.4 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 11.9 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 7.4 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 4

Taiwan, which has a per capita income of $39,580, saw more than 15 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A worker walks among a residential complex under construction in Jakarta, Indonesia.

Indonesia

Change in prices in 12-month period: 13.5 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 4.5 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 2.3 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 5

Indonesia, which has a per capita income of $5,182, saw more than 13 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A view of residential towers in Istanbul, Turkey.

Turkey

Change in prices in 12-month period: 12.5 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 7.7 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 3.8 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 6

Turkey, which has a per capita income of $18,348, saw more than 12 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Tourists take pictures with the Rodrigo de Freitas Lagoon in the background in Rio de Janeiro, Brazil.

Brazil

Change in prices in 12-month period: 11.9 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 6.1 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 3.0 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 7

Brazil, which has a per capita income of $12,118, saw nearly 12 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Dancers of Cumbia perform during a parade at the Barranquilla's carnival in Colombia.

Colombia

Change in prices in 12-month period: 11.8 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 5.9 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 2.7 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 8

Colombia, which has a per capita income of $10,791, saw 11.8 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Tourists Caro and Anna from Munich lie in a bed mounted to a rental bike as they ride along Friedrichstrasse in central Berlin, Germany.

Germany

Change in prices in 12-month period: 11.2 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 9.8 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 4.9 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 9

Germany, which has a per capita income of $39,468, saw 11.2 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Visitors to a bar ride a mechanical bull on Sixth Street in Austin, Texas, United States.

United States

Change in prices in 12-month period: 11.2 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 10.5 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 3.2 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 10

United States, which has a per capita income of $52,839, saw 11.2 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A street vendor, dressed in national costume, talks on a mobile phone as she sells candy in downtown Lviv in western Ukraine.

Ukraine

Change in prices in 12-month period: 10.9 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 4.0 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 2.3 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 11

Ukraine, which has a per capita income of $7,422, saw 10.9 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A view of downtown Kuala Lumpur, capital of Malaysia.

Malaysia

Change in prices in 12-month period: 10.2 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 5.1 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 1.3 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 12

Malaysia, which has a per capita income of $17,675, saw 10.2 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Shoppers push trolleys at a shopping centre in Lenasia, Johannesburg, South Africa.

South Africa

Change in prices in 12-month period: 8.6 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 3.1 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 1.4 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 13

South Africa, which has a per capita income of $11,525, saw 8.6 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A tourist poses with restaurant staff in Tallinn, Estonia.

Estonia

Change in prices in 12-month period: 8.4 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 4.5 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: -0.6 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 14

Estonia, which has a per capita income of $22,351, saw 8.4 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Shoppers leave a store in Sydney's central business district, Australia.

Australia

Change in prices in 12-month period: 7.6 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 4.6 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 1.9 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 15

Australia, which has a per capita income of $43,042, saw 7.6 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A view of finance institute Sydbank in Copenhagen, Denmark.

Denmark

Change in prices in 12-month period: 7.4 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 4.8 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 3.3 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 16

Denmark, which has a per capita income of $37,657, saw 7.4 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Workers sit at their desks at the headquarters of electric car venture Better Place in Tel Aviv, Israel.

Israel

Change in prices in 12-month period: 7.4 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 2.2 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 2.4 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 17

Israel, which has a per capita income of $34,875, saw 7.4 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Children skate on the ice of the frozen Tjoernin lake in central Reykjavik, Iceland.

Iceland

Change in prices in 12-month period: 6.0 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 5.2 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 1.8 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 18

Iceland, which has a per capita income of $39,223, saw 6.0 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Tourists carry earthen pitchers on their heads as they participate in Matka Race competition at Ladera village near Bikaner in Rajasthan.

India

Change in prices in 12-month period: 5.9 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: -0.1 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: -1.7 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 19

India, which has a per capita income of $3,991, saw 5.9 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A street vendor stands by her kiosk as she sells souvenirs in St Petersburg, Russia.

Russia

Change in prices in 12-month period: 5.2 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 2.4 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 1.3 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 20

Russia, which has a per capita income of $18,083, saw 5.2 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
People enjoy the evening at Donaukanal in the centre of Vienna, Austria.

Austria

Change in prices in 12-month period: 5.0 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 3.5 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 1.6 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 21

Austria, which has a per capita income of $42,408, saw 5.0 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A view of Luxembourg City, Luxembourg.

Luxembourg

Change in prices in 12-month period: 4.9 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 4.5 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 1.2 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 22

Luxembourg, which has a per capita income of $79,785, saw 4.9 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A model presents a creation by Indian designer Devki Karer for label DEVKI's at a fashion show in Singapore.

Singapore

Change in prices in 12-month period: 4.6 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 2.0 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 0.6 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 23

Singapore, which has a per capita income of $61,046, saw 4.6 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Ice skaters on a rink in Mexico City's Zocalo Square, Mexico.

Mexico

Change in prices in 12-month period: 4.4 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 3.2 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 0.9 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 24

Mexico, which has a per capita income of $15,608, saw 4.4 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Pedestrians walk past a branch of fashion chain Nicole Farhi in central London, United Kingdom.

United Kingdom

Change in prices in 12-month period: 4.3 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 4.8 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 2.2 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 25

United Kingdom, which has a per capita income of $37,299, saw 4.3 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A woman has her make up applied in the Brown Thomas department store on Grafton Street in central Dublin, Ireland.

Ireland

Change in prices in 12-month period: 3.6 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 6.4 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 4.0 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 26

Ireland, which has a per capita income of $43,592, saw 3.6 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
An employee of Starbucks carries a tray with cups of coffee on a train in Zurich, Switzerland.

Switzerland

Change in prices in 12-month period: 3.2 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 1.2 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 0.8 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 27

Switzerland, which has a per capita income of $45,999, saw 3.2 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
A shopper holds a clock at H&M store in Stockholm, Sweden.

Sweden

Change in prices in 12-month period: 3.2 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 3.2 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: 1.6 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 28

Sweden, which has a per capita income of $40,870, saw 3.2 per cent increase in house prices.

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India among countries that saw biggest jump in house prices

Last updated on: December 20, 2013 13:40 IST
Karl Johans Gate, the main shopping street, in Oslo, Norway.

Norway

Change in prices in 12-month period: 2.9 per cent in Q3 2012-Q3 2013

Change in prices in 6-month period: 0.8 per cent in Q1 2013-Q3 2013

Change in prices in 3-month period: -1.8 per cent in Q2 2013-Q3 2013

Overall rank in change in residential property prices: 29

Norway, which has a per capita income of $55,398, saw 2.9 per cent increase in house prices.