South Africa makes 19 hottest property markets in the world

Global property world compiled and analyzed the property price performance of the world’s big economies. They put together a list of the top 19 markets based on year-over-year, inflation adjusted price performance as of the fourth quarter of 2014. South Africa makes this list with markets ranked from least to most quickly appreciating.

The hottest housing markets as published by Global Property World are as follows:

1. Netherlands – Home prices in Netherland rose 5.09% year-over-year, which was greater than 2013’s decrease of 2.71%

2. Mexico – Home prices in Mexico rose 5.11% year-over-year, which was greater than 2013’s decrease of 4.07%

3. New Zealand – Home prices in New Zealand rose 5.39% year-over-year, which was less than 2013’s increase of 9.77%

4. Norway – Home prices in Norway rose 5.68% year-over-year, which was more than 2013’s increase of 1.17%

5. Iceland – Home prices in Iceland rose 6.09% year-over-year, which was less than 2013’s increase of 8.66%

6. Indonesia – Home prices in Indonesia rose 6.28% year-over-year, which was less than 2013’s increase of 11.51%

7. Australia – Home prices in Australia rose 6.99% year-over-year, which was less than 2013’s increase of 10.46%.

8. Philippines – Makati CBD – Home prices in the Philippines rose 7.11% year-over-year, which was less than 2013’s increase of 14.38%

9. Brazil – Sao Paulo – Home prices in Brazil rose 7.33% year-over-year, which was less than 2013’s increase of 13.91%.

10. south Africa – Home prices in South Africa rose 8.10% year-over-year, which was more than 2013’s increase of 3.91%.

11. UK (Nationwide) – Home prices in the UK rose 8.34% year-over-year, which was more than 2013’s increase of 7.07%.

12. Israel – Home prices in Israel rose 8.45% year-over-year, which was more than 2013’s increase of 7.38%.

13. Sweden – Home prices in Sweden rose 8.57% year-over-year, which was more than 2013’s increase of 3.90%.

14. Japan (Tokyo) – Home prices in Japan rose 10.92% year-over-year, which was more than 2013’s increase of 5.58%.

15. Estonia (Tallinn) – Home prices in Estonia rose 12.09% year-over-year, which was less than 2013’s increase of 18.24%.

16. Hong-Kong – Home prices in Hong Kong rose 13.26% year-over-year, which was more than 2013’s increase of 7.69%.

17. Ireland – Home prices in Ireland rose 16.29% year-over-year, which was more than 2013’s increase of 6.38%.

18. UAE Dubai – Home prices in Dubai rose 16.48% year-over-year, which was less than 2013’s increase of 23.79%.

19. Turkey – Home prices in Turkey rose 16.89% year-over-year, which was more than 2013’s increase of 13.61%.