Globally residential property prices are increasing steadily with the latest worldwide house price index from Knight Frank exceeding its pre-financial crisis high and financial experts are predicting a good year for property investment in the commercial sector in 2014.
The Knight Frank index is worth taking a look at as it tracks residential prices in 53 countries, including the key emerging markets of Dubai and Hong Kong. The index now stands 4% above its previous peak in the second quarter of 2008 and 12.7% above its financial crisis low in the second quarter of 2009.