Taiwan’s housing prices grew by the fourth-highest rate in the world over the 12 months ending in June, a report by Knight Frank found.
In its Global House Price Index for the second quarter of this year, the real-estate consultancy found that housing prices in Taiwan rose by 3.6 percent from last quarter.
They rose by 11.9 percent over the 12 months ending in June, which was the fourth-highest in the world in terms of annual price rate increase.
Photo: Lai Hsiao-tung, Taipei Times
Turkey saw the greatest spike, recording a 46.4-percent jump over the past year, and a 6.5-percent rise in the past three months.
Poland was second with an 18-percent annual increase, and Bulgaria was third at 15.1 percent.
Hong Kong recorded the greatest decline over the past year, with prices falling by 12.7 percent.
Housing prices in China fell by 5.2 percent over the 12-month period.
Overall, housing prices across Knight Frank’s 56-market basket rose by 3.3 percent over the year.
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