Knight Frank's Q3 2017 Global House Price Index increased 5.1 per cent in the year to 30 September, down from 6.3 per cent growth in the previous quarter.

Though 88 per cent of countries saw prices rise year on year, rates of growth declined in nearly half those countries.

The trend was most evident in the fastest growing countries. Of the 15 fastest growing counties, 13 saw their rates of growth decline.

Source: Knight Frank.

Despite Australia recording growth of only 1.9 per cent for the quarter, it still recorded 10.2 per cent growth for the year, and with other countries also recording slower rates of growth, Australia was able to move up the rankings from 11th place during the June quarter, to 7th place.

Iceland led the rankings for the fourth consecutive quarter, recording growth of  20.4 per cent for the year to September.  

European property markets are staging a resurgence, contributing six of the top ten fastest growing countries, according to the index. Hong Kong and India were the only Asian nations to make it to the top ten.

China declined from 12th place to 19th, as tighter capital controls take effect.

Knight Frank Global House Price Index, Q3 2017, ranked by % change

Source: Knight Frank Research.

Click here to read Knight Frank's Global House Price Index report.  

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