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.

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

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%.