NEW YORK – Dec. 11, 2012 – While the housing market is improving in the U.S., some countries around the world are seeing even bigger improvements in their real estate markets. A report, based on Knight Frank’s latest global house price index of 55 countries, shows some of the hottest real estate markets based on largest price increases.

According to the report, these 12 countries show the highest percentage increases in home prices from the third quarter of 2011 to third quarter of 2012:

•  Brazil: 15.2 percent
•  Hong Kong: 14.2 percent
•  Turkey: 11.5 percent
•  Russia: 10.7 percent
•  Colombia: 10.5 percent
•  Austria: 10.1 percent
•  China: 7.7 percent
•  Malaysia: 7.3 percent
• Norway: 7 percent
• Iceland: 6.6 percent
• India: 6.5 percent
• Estonia: 6.4 percent

Source: “12 Hottest Real Estate Markets on Earth,” AOL Real Estate (Dec. 7, 2012)

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