Best places to buy and sell The German capital of Berlin has become the most profitable residential property market in the world, with average house prices up a hefty 21% last year. Knight Frank’s latest annual Global Residential Cities Index, which tracks price movements in 50 markets worldwide, has three other German cities in its top 10 rankings for 2017 — Hamburg (14.1%), Munich (13.8%) and Frankfurt (13.4%). It is the first time the index has included German cities in its rankings. The four cities mentioned are part of a relatively small group of global housing markets that still managed to record double-digit price growth last year. Others include Izmir in Turkey, Reykjavik in Iceland, Vancouver in Canada, Budapest in Hungary and Hong Kong.

Kate Everett-Allen, Knight Frank’s head of international residential research, notes that house prices have slowed globally in 2017, with the Knight Frank index recording average growth of only 4.5% in the fourth quarter of 2017, down...

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