Dubai property market is also growing rapidly - at an annual rate prices jumped by 13.46% to inflation.
Related article: The most rapidly developing cities in the worldPacific markets are recovering from the crisis. Thus, the cost of housing in Australia fell to an annual rate of 1.57% - a slight fall in prices in the fourth quarter of 2010.
In some European countries, despite the crisis, there has been a revival. Thus, prices in Ireland fell by only 13.17% year on year, which is the smallest decline since the first quarter of 2011. In addition, the cost of housing has increased in Austria, Turkey, Latvia, Germany, Iceland and Finland.