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Blog by Alan Vlemmiks

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Price Changes Around The World


Fancy a des res in Delhi or a mansion in Moscow? – and you thought Vancouver was bad

They may not be the first places you think of when you consider a holiday home location, but perhaps you should take a closer look. Because property prices in India and Russia have risen faster than anywhere else in the world, according to new research from Lloyds TSB.

It says that house prices in India have soared by a whopping 284% in the last 10 years - the biggest jump recorded in its Global Housing Market Review.

Homes in Russia have seen their value rocket by an enormous 209%, and third in the global hotspot list is South Africa, which experienced a rise in house prices of 161% between 2001 and 2011

 

10 top global property hotspots

   Country

Price changes in 2011

Price changes in last decade

    India

8.7%

284%

    Russia

-24.3%

209%

  South Africa

-1.1%

161%

  Lithuania

-1.3%

143%

   Hong Kong

13.6%

125%

    Bulgaria

-10.0%

106%

     France

4.3%

82%

New Zealand

-2.1%

79%

   Australia

-5.7%

76%

   Norway

6.9%

72%