The 14 Hottest Housing Markets In The World

The real estate situation in the United States may be ugly, but it's not like that everywhere in the world.

Recent data from Knight Frank shows some markets boomed big in 2010. Not surprisingly, Asian markets like China, Hong Kong, and Singapore made the cut. But Central European stars like Poland also impressed.

If you're just looking at troubled spots like Ireland and Spain, you're missing out on booms that could turn into the next bubble.

#14 Malaysia

Annual Change: Up 6.2%

Q3 2010 Change: Up 0.9%

Outlook: Price rises in Malaysia are expected to continue in 2011, and some are projecting another 13% rise in H1 2011.

Source: Knight Frank

#13 Norway

Annual Change: Up 6.6%

Q4 2010 Change: Down 0.1%

Outlook: Norway's domestic economy remains strong, so there's little reason to suspect a downturn, particularly with oil prices looking bullish.

Source: Knight Frank

#12 Belgium

Annual Change: Up 6.8%

Q3 2010 Change: Up 2.6%

Outlook: Belgium's economic strength is built on that of Central Europe, and the continued expansion of Brussels as the European capital. The rumored ECB rate hike should have a negative impact on the sector.

Source: Knight Frank

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See Also:

• The 14 Hottest Housing Markets In The World
• The 18 US Cities Where Home Prices Continue To Dive
• The 11 Worst Housing Markets In The World

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