The 14 housing markets where prices are rising at the fastest pace in the world

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14. Canada: +5.06%. Canada's surging house prices were barely dented by the financial crisis, and have doubled in the past 10 years.

14. Canada: +5.06%. Canada's surging house prices were barely dented by the financial crisis, and have doubled in the past 10 years.
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13. Brazil (Sao Paulo): +5.06%. House prices are still rising, despite the fact that country entered recession this year.

13. Brazil (Sao Paulo): +5.06%. House prices are still rising, despite the fact that country entered recession this year.
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12. South Africa: +5.19%. Like Brazil, South Africa's economy contracted in the second quarter, sparking recession fears.

12. South Africa: +5.19%. Like Brazil, South Africa's economy contracted in the second quarter, sparking recession fears.

11. Indonesia: +5.24%. Prices in Jakarta, Indonesia's mammoth capital, have more than doubled since the end of the financial crisis.

11. Indonesia: +5.24%. Prices in Jakarta, Indonesia's mammoth capital, have more than doubled since the end of the financial crisis.
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10. United States: +5.39%. Not only have US prices risen, since the dollar has too, the price growth is even higher for international buyers.

10. United States: +5.39%. Not only have US prices risen, since the dollar has too, the price growth is even higher for international buyers.

9. New Zealand: +5.39%. New Zealand was hit by low inflation like much of the rest of the advanced world, but there's plenty of house price inflation.

9. New Zealand: +5.39%. New Zealand was hit by low inflation like much of the rest of the advanced world, but there's plenty of house price inflation.
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8. Mexico: +6.38%. Price growth has nearly doubled since this time last year.

8. Mexico: +6.38%. Price growth has nearly doubled since this time last year.

7. Japan (Tokyo): +6.54%. House prices in Japan went through more than a decade of decline and stagnation, but the country is making efforts to re-inflate the market.

7. Japan (Tokyo): +6.54%. House prices in Japan went through more than a decade of decline and stagnation, but the country is making efforts to re-inflate the market.
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6. Norway: +6.62%. House prices in Norway have picked up considerably from last year, when they were rising by just 1.4% year-on-year.

6. Norway: +6.62%. House prices in Norway have picked up considerably from last year, when they were rising by just 1.4% year-on-year.

5. Iceland: +7.84%. Iceland is one of the countries that saw a major house price slump during the financial crisis.

5. Iceland: +7.84%. Iceland is one of the countries that saw a major house price slump during the financial crisis.
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4. Philippines (Makati CBD): +7.91%. At least the Philippines is expecting 6% GDP growth this year.

4. Philippines (Makati CBD): +7.91%. At least the Philippines is expecting 6% GDP growth this year.

3. Estonia (Tallinn): +8.99%. Estonia makes it to number 3 despite the fact that price growth has halved since last year, when 16% growth was the norm.

3. Estonia (Tallinn): +8.99%. Estonia makes it to number 3 despite the fact that price growth has halved since last year, when 16% growth was the norm.
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2. Ireland: +10.7%. The country that recorded one of the world's biggest housing crashes during the crisis is back in business, and prices are exploding again.

2. Ireland: +10.7%. The country that recorded one of the world's biggest housing crashes during the crisis is back in business, and prices are exploding again.

1. Hong Kong: +20.14%. While many other Chinese cities have recorded declining prices recently, Hong Kong tops the world rankings, sending property out of the reach of many local residents.

1. Hong Kong: +20.14%. While many other Chinese cities have recorded declining prices recently, Hong Kong tops the world rankings, sending property out of the reach of many local residents.
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