Slovenia leads annual global house price growth

Property price in 56 key nations around the world increased by 3.9% year in year in the first quarter of 2019, led by Slovenia for the second quarter in a row with Latin America the strongest region. Prices in Slovenia increased by 18.2% with falling unemployment, low interest rates and until recently, limited supply, behind the strong price growth, according to the latest global residential index from international real estate firm Knight Frank. The next biggest growth was in Latvia at 11.9%, followed by China up by 11.6%, Malta up 10.8%, the Czech Republic up 9.9%, Luxembourg up 9.3%, Hungary up 9.2%, Mexico up 9%, Taiwan up 8.4% and Columbia up 8.3%. At the other end of the index prices fell year on year by the most in Australia with a fall of 5.1%, followed by Finland down 1.6%, Morocco down 0.8%, Israel down 0.7%, Italy down 0.6%, Sweden down 0.3% and then Switzerland down 0.1%.