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Home prices in Hong Kong leaped a whopping 28% in 1Q
It's the highest increase globally.
Knight Frank’s Global Housing Price Index for the first quarter of 2012 to the first quarter of 2013 showed Hong Kong having the highest jump in mainstream property prices, with local home prices increasing by 28%.
The index revealed that 34 of the 55 housing markets tracked recorded an increase in mainstream property prices during the period.
The U.S. saw prices rise by 10.2% over the past year, its highest rate of annual growth since 2006. Europe is the weakest performing region with home prices falling by 0.3% on average in the past year.
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