The Hottest Housing Markets In The World

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The U.S. housing market continues to struggle as home prices look for a bottom.  Some think we are witnessing the bottom now.  Others think prices have further to fall.Meanwhile, some of the major overseas housing markets are surging.

The Global Property Guide has compiled the home price performance of some of the largest economies in the world.

What follows are the top 7 markets based on year-over-year Q1 home price performance adjusted for inflation.  We include historical price charts, courtesy of the GPG.

Austria's home prices rose 8.24% year-over-year and 8.16 per cent QoQ in Q1 2012

Home prices in Makati, a district of Manila in the Philippines rose 7.34% year-over-year and 3.87 per cent QoQ in Q1 2012

Norwegian home prices rose 5.43% year-over-year and 2.94 per cent QoQ in Q1 2012

Home prices in Sao Paolo, Brazil rose 18.7% year-over-year and 2.57 per cent QoQ in Q1 2012

Swiss home prices rose 5.49% year-over-year and 0.95 per cent QoQ in Q1 2012

Home prices in Delhi, India rose 24.41 per cent year-over-year and fell 0.07 per cent QoQ in Q1 2012

Estonia's home prices rose 9.13% year-over-year and fell 0.41 per cent QoQ in Q1 2012

Hot spots

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