The 9 hottest housing markets in the world right now

While the growth in US home prices has slowed considerably, prices in Europe have been surging.

We have complied the list of the 9 hottest markets based on inflation-adjusted year-over-year price as of the first quarter of 2015, based on data from the Global Property Guide. Five of the 9 countries who had prices jump more than 7% year-over-year were from Europe with Ireland leading the way.

Each slide also is accompanied by a chart showing the year-over-year percentage change in house prices. Countries are listed from lowest to highest growth in appreciation.