+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The 10 global cities where house prices are rising the most

Sep 16, 2016, 11:50 IST

Sourceli/Shutterstock

The property market in the UK has been rampant since the financial crisis, with prices skyrocketing, particularly in the capital London where the average home is worth more than £550,000 ($727,584).

Advertisement

However, compared to many cities around the world, London's prices are growing at a crawl. Global estate agent and property consultancy Knight Frank released its annual "Global Cities" report on Thursday, looking at the state of the property market in top cities around the world.

As part of the report, Knight Frank analysed data from cities across the world to show the places where so-called mainstream house prices - basically the price of normal homes - are growing the quickest globally. Of the top 10 cities listed by the firm, all saw prices rise more than 15% in last year, with the top city seeing prices rise more than 60% in a single year.

Check out the global cities where prices for the average home grew the most in the last year below.

Next Article