These are the best places to buy and sell property
Berlin has become the most profitable residential property market in the world
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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