The top 13 booming housing markets in the world by Bob Bryan on Jan 1, 2016, 6:36 AM Advertisement
 Housing markets around the globe have had a good year. According to the Global Property Guide, 29 of the 42 housing markets they track made price gains this year. "The world's housing markets continue to surge, and the boom now includes most of Europe, North America, and some parts of Asia," said the group's new report. "The five strongest housing markets in our global survey are Qatar, New Zealand, Hong Kong, and two European countries: Sweden and Iceland." Using Global Property Guide's analysis, we've compiled the 13 hottest housing markets around the world. Each market has had prices increase by at least 5% between third quarter 2014 and the ame quarter in 2015. Also included is the increase (or decrease) during the previous year, Q3 2013 through Q3 2014, the quarterly change between the second and third quarters of 2015, and a comment from the new report. Check them out below. China (Shanghai)  2015 price change: 5.07% 2014 price change: -0.45% Change from Q2: 2.21% Comment: "The Chinese government recently announced a plan to purchase unsold residential properties and convert them into low-cost housing to reduce inventory levels."
Iceland  2015 price change: 5.27% 2014 price change: 6.69% Change from Q2: 1.12% Comment: "Other strong European housing markets included Iceland, with house prices rising by 5.27% during the year to Q3 2015."
Philippines  2015 price change: 5.41% 2014 price change: 3.58% Change from Q2: 1.27% Comment: "The average price of 3-bedroom condominium units in Makati CBD rose by 5.41% during the year to Q3 2015, after annual increases of 6.61% in Q2 2015, 5.4% in Q1 2015, 4.29% in Q4 2014, and 3.58% in Q3 2014. Housing prices increased 1.27% q-o-q during Q3 2015."
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