According to international property consultant Knight Frank, house prices across 56 countries and territories are still rising at a rate of 8.8% per annum, down from 10.9% at their peak in Q1 2022.

Knight Frank said Turkey leads the world. Northern and Central European markets continue to perform strongly with Estonia, Hungary, the Czech Republic, Iceland, Slovakia, North Macedonia and Latvia all registering annual price growth above 16%.

Canada has moved from 10th to 34th place in the rankings, and Australia from 28th to 47th place. Singapore is Asia's top-ranking city with growth of 14%.

Only South Korea, Hong Kong, Peru, the Chinese mainland, New Zealand and Morocco recorded a decline in prices in the year so far.

Source from: World Property Journal