Knight Frank report found that house prices in the country in the first quarter of 2014 increased eight per cent over the year compared to the first quarter last year.
Malaysia as the fifth country in the Asian region recorded the highest price increases during the period, behind the United Arab Emirates (UAE), China, Taiwan and Indonesia.
UAE through its major cities, Dubai topped the index for the fourth quarter in a row when his price jumped 27.7 percent in the first quarter of this year compared with the same period of 2013.
Knight Frank Residential Research International , Kate Everett -Allen , said the Global House Price Index continued to rise for eight consecutive quarters , but the price is a bit slower growth rate in the first three months of this year.
He said although the index saw slower growth in the first quarter of 2014 when only grew by 0.6 percent compared to 1.2 percent in the previous quarter, it still posted annual growth of 7.1 percent.
“The last quarter saw the culmination usually sales transactions as buyers rushed to complete purchases before the New Year when various tax rules often force.
“This is why the market is usually quiet in the first quarter, “he said, commenting on Global House Price Index Knight Frank in a note yesterday.
Meanwhile, the recovery in the housing market in the United States ( U.S. ) , Australia and Iceland revealed when the three countries that emerged in the top 10 rising house prices which included emerging markets such as China , Turkey and Brazil .
The growth rate of house prices in the U.S. a little slow in the first quarter, the average was 10.3 per cent, compared to 11.3 percent in the previous quarter.
The top ten countries ranked lowest in the latest index was mostly made up of Eastern Europe and Southern Europe.
For the first time since 2008, no country studied by the price index recorded a decrease of more than 10 percent.
Singapore and Japan emerged two non-European countries that are in the bottom 14 in the index.
Global House Price Index Knight Frank which was started in 2006 is the key measure to investors and developers to monitor and compare the performance of the residential market in the world.
The information is collected on a quarterly basis using official government or central bank data.
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