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Planning to invest in a plush home abroad? You could consider Jakarta. The Indonesian city witnessed a 38 per cent growth in high-end residential property prices in 2013. This was the steepest jump in prices reported by any of the 90 global property markets covered by Knight Frank’s The Wealth Report 2014. Limited supply despite strong demand seems to have helped.
Others in the Asian-Pacific region such as Auckland and Christchurch in New Zealand, Bali in Indonesia and Beijing and Guangzhou in China too reported an annual growth of 14-29 per cent last year. Higher immigration, particularly from Asia and returning ex-pats were the key factors at work in New Zealand.
Placed fifth in the rankings was Dublin, Ireland, which saw an 18 per cent growth in property prices, making it the highest-ranked European city.
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