Despite continued worries about the global economy, home prices are rising in more than half of countries across the globe, according to the Knight Frank Global House Price Index for Q1 2009 through Q1 2010.
The Asia Pacific region saw the strongest growth with prices increasing, on average, by 17.8 percent. Meanwhile, Ukraine and the Baltic States rank at the bottom with annual price declines of more than 30 percent.
While average home prices for rural parts of emerging markets are harder to come by, figures for prime real estate markets across the top 20 nations help draw comparisons.
So which countries saw the strongest gains in home prices? Click ahead to find out!
By Natalie Erlich, CNBC.com
Posted 19 July 2010
Annual change: +3.3%
Six month change: +0.8%
Quarterly change: -0.1%
Avg. Home Prices in Prime Markets:
Kuala Lumpur: $170,880*