World's 10 Hottest Real Estate Markets

9. Malaysia

Average 5-year price growth: 28.5 percent

Malaysia one of the most preferred tourist destination ranked 9^th on the list of world’s hottest real estate market. To control the increasing demand of house prices, Malaysian government is considering price escalation for foreign buyers for property buying in the country, which is from $162,972 to $325,944. According to Knight Frank, home prices shot upto 6.6 percent in the third quarter of 2011. The average square-meter price of a prime property in the capital city Kuala Lumpur was $5000 last year. Furthermore about 29,364 apartments were aslo launched in the capital city, making the country one of the hottest real estate market.