World's 10 Hottest Real Estate Markets

Bangalore: Property prices are touching sky across the globe. Although the initial investment on property could be huge, but it's all worth it, as the return on investment is equally good. Over the years, with the increase in the number of potential buyers the real estate market is witnessing healthy property investments. Below is the list of world’s 10 hottest property market based on a study done by Knight Frank, a real estate agency. In this study, Knight Frank has ranked countries based on their highest average growth in housing prices from the fourth quarter of 2006 till the fourth quarter of 2011.

10. Switzerland 
Average 5-year price growth: 27.5 percent

Switzerland, known to be as one of the richest countries in the world stood at 10^th position on the list of world’s hottest real estate market. Over the past 5 years, Switzerland has witnessed robust growth in property prices. Beside its outstanding scenic beauty, Switzerland houses some of the world’s most expensive cities with popular real estate market. According to a study conducted by Knight Frank, in 2011, out of 63 cities, Switzerland’s Geneva, Zurich, St. Moritz and Gstaad were among the most expensive places in Switzerland to buy a property. In Geneva, an average price of a luxury property was $31,900 per square meter in the fourth quarter of 2011, whereas the square feet price was $3000, reports Rajeshni Naidu-Ghelani, CNBC.