No surprises here. Knight Frank’s Global Home Price Index comprehensive ranking of housing price changes in 55 countries showed Brazil and it’s economic boom at the top of the list. The Brazilians have jump started the Miami housing market nearly single handedly because housing prices at home remain so high that the US appears much cheaper.
- The index rose 1% year-over-year
- European countries fill bottom twelve rankings for YOY price growth
- Price growth in Asia Pacific is slowing
Global House Price Index 3Q12 [Knight Frank]