As quoted  from  Forbes,    Monday (1/20/2014),  housing  prices  in  a number of  regions   increased sharply  in  the  space  of 12  months. One  of  them is Austria   which offers  many  luxurious  and  magnificent  residential properties.  

The country is  also known as  the  most expensive real estate  market  in  the European  region. No          wonder,  the prices of a   number of housing  estates   in the Austrian region increased by 10.1{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec}  in  just  one  year.

Meanwhile,  unable    to  compete with  Hong Kong which is  ranked  first  in the order of the most expensive real estate market in the world, China is only ranked 8th.    Nevertheless, housing prices  in  the Bamboo  Curtain  Country  also  increased  by  about    20{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec} in  December  2012.

1. Hong Kong

The high demand for residential properties in Hong Kong makes the area the best real esate buying and selling location in the world. Housing prices jumped by 23.6{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec} last year. The three-bedroom, 1,800-square-foot home can be owned for $4.7 million.

2. Dubai

The most expensive city in the world also consists of various luxury residential properties inside. Meanwhile, house prices rose by 19{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec} in 2012. To acquire a three-bedroom apartment with an area of 1,980 square feet, you have to pay up to more than US$ 843 thousand.

3. Brazil

Brazilians were forced to experience a 13.7{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec} increase in house prices. Of course, the price of Ipanema luxury building can make you astonished for US$ 22 million.

4. Turkey

Housing in Turkey rose by 10.5{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec} in 2012. You can enjoy the comfort of living in Turkey by paying US$ 183 thousand for a 1,500 square foot house.

5. Moscow

Prices of various real estate increased 10.2{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec} in 2012. The 1,800-square-foot, two-bedroom moscow home is priced at $3.5 million.

6. Austria

The selling  value of  home  purchases in Austria   increased by 10.1{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec}    making  the  country the most expensive real estate market in the  European  region. Lovers  of  skyscrapers  can own  one  of  the  highest    residential  properties    at a  price  of about  US$ 653  thousand.

7. Taiwan

The increase in  residential  property  prices in  Taiwan  occurred by 9.7{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec}. A               2,600-square-foot  four-room mini apartment in Taiwan    cost  US$17  million.

8. China

In Shanghai, property prices  increased    20{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec} in December    2013  the same    as  the  same  period  a  year  ago.   China’s  efforts  to  depress  its soaring  property  prices  do  not appear  to have  shown  any  improvement.

9. India

Indian housing prices rose  8.5{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec} in 2012. A      three-room    residential  property  on  1,440 square feet in the   East  Adheri district  can  be  pegged  at  US$423,000. 

10. Kolombia

The entire region  in Colombia experienced    an      8.3{91fc0735aef411d4c11eba9823275626d41d902204c271112780acd84d99b7ec} increase in housing prices  last  year. A        1,100-square-foot  apartment  in Bocagranden  in  Cartegan  will  cost you $368,000. 

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