The global rise in house prices slowed to 4.7% in the second quarter

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The index of global growth of house prices from Global House Price fell in the second quarter to a minimum level of 4.7% since July-September 2016, Knight Frank reported. The leader in the growth of housing prices was Malta, the first time ahead of Hong Kong, which has topped the rating 10 times since 2009. The rise in prices in Hong Kong was 15.9%, while in Malta the indicator increased by 16.9% due to the program for obtaining citizenship granted by investing in the economy of Malta, as well as by increasing demand during the boom in the technological sector and the recovery of the economy of Malta. The third place was taken by Latvia, where housing increased by 1.7%. Slovenia and Hungary are also included in the top 5 countries ranking.

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