Editor’s note: This article was first published in September 2014. All figures are Global Property Guide house-price data from that month, including annual changes and second-quarter 2014 changes, and say nothing about these markets today.
On Thursday we looked at the worst property markets in the world in 2014, taken from the Global Property Guide report. They had performed dreadfully, and among them was the Spanish property market, with an annual fall of 3.12% and no good prospects on the short-term horizon. This time, let’s see which are the hottest property markets, the most profitable of recent years, without forgetting the investment analysis.
For investors, many of these markets, which have seen strong rises in property prices for several years, could be in the middle of a bubble about to burst, while many other markets with negative performance could turn into an investment opportunity.
In the case of Dubai, the spectacular rise in prices means that fear of a bubble is very much present.
These would be the 10 best property markets in the world in 2014. The charts come from Business Insider, and the ranking is based on inflation-adjusted price performance.
10. Brazil
House prices in Brazil rose 5.37% year on year. Prices rose 0.75% in Q2 2014.
9. Israel
House prices in Israel rose 6.06% year on year. Prices rose 1.92% in Q2 2014.
8. Iceland
House prices in Iceland rose 6.09% year on year. Prices rose 1.42% in Q2 2014.
7. New Zealand
House prices in New Zealand rose 6.66% year on year. Prices fell 3.23% in Q2 2014.
6. Australia
House prices in Australia rose 7.21% year on year. Prices rose 1.28% in Q2 2014.
5. Turkey
House prices in Turkey rose 7.24% year on year. Prices rose 1.66% in Q2 2014.
4. United Kingdom
House prices in the United Kingdom rose 9.68% year on year. Prices rose 3.99% in Q2 2014.
3. Ireland
House prices in Ireland rose 11.97% year on year. Prices rose 6.60% in Q2 2014.
2. Estonia
House prices in Estonia rose 16.72% year on year. Prices rose 0.31% in Q2 2014.
1. United Arab Emirates – Dubai
House prices in the United Arab Emirates rose 33.26% year on year. Prices rose 5.47% in Q2 2014.
See also: The 8 ways to invest in real estate
Featured image: Fabio Achilli, CC BY 2.0, via Wikimedia Commons.
