Global House Price Index sees highest rate of growth for 3 years
• The index increased by 6.5% in the year to March 2017; up from 6% in the previous quarter
• Australia saw an upward trajectory in prices, moving from 37th position in Q4 2016, with annual capital growth of 3.5%, to 20th position in Q1 2017, recording annual growth of 7.7%.
• 11 countries recorded double-digit growth in the year ending March 2017; a year earlier only 4 fell into this range.
• Iceland leads the index, recording average price growth of 17.8% in the year to March 2017