Asia-Pacific was the stand-out region, with on average 17.8% growth, and the top four countries in the list being from the region, whilst the bottom of the list features Ukraine and the three Baltic States with annual price falls in excess of 30%. Indeed, what is notable, is the clarity with which the list can be divided by regions: Asia-Pacific at the top and Europe at the bottom.
What is clear is, even for those towards the bottom of the list, there is evidence that the global economy is improving. For those markets that are experiencing a torrid time, they can at least (perhaps) take a little comfort in the fact that this quarter was not as bad as previous ones (and indeed could provide the better opportunities for investment).
Furthermore, annual price inflation for all global housing markets moved into positive territory for the first time since the fourth quarter of 2008, recording 1.6% growth in the year to March 2010.
To view the full index and all 47 markets, click on the image below to expand.