Global house prices rise at their fastest rate since 2006

Knight Frank's Global House Price index is rising at its fastest rate since Q1 2005. A third of tracked property markets have seen prices escalate by at least 10% in the last year.

43 of the 150 global cities tracked by Knight Frank have seen prices escalate by more than 10% over the last year, with five above 25%.

"The prime residential sector is likely to remain strong through the rest of the year," says Savills in its latest World Cities Index.