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Knight Frank: Latvia records biggest house price increase in Q3
Nina Kolyako, BC, Riga, 07.12.2010.
Print version
Print versionHouse prices in Latvia increased by 26.3% in the third quarter of 2010 year-on-year, which is the fastest increase across all countries surveyed in British property company Knight Frank's global house price index.
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Before the third quarter, Latvia was last in the index for several quarters in a row, reporting steepest house price falls, writes LETA.
Second biggest house price increase in the third quarter, compared to the same period last year, was recorded in Hong Kong – 21.3%, and third in China (Beijing and Shanghai) – 21.1%.
Largest house price decreases were registered in Ireland – 14.8%, Lithuania – 13.9%, and Ukraine – 12.6%.
Estonia is not included in the Knight Frank index.
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