12 Hottest Real Estate Markets on Earth

Hot real estate markets
Hot real estate markets

As the international economy lags, mainstream property prices are flagging around the world, according to Knight Frank's latest global house price index.

The index rose just 1 percent year-over-year in the third quarter of 2012. Price growth in Asia is slowing, and the 12 countries at the bottom of the list are all in Europe.

However, some housing markets are booming.

We drew on Knight Frank's list of 55 countries and highlighted the 12 with the hottest real estate markets -- based on those showing the largest price increases.

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