Malta beats out Hong Kong for world's top home-price gains
Malta has edged out Hong Kong to take the prize for territory or country with the highest residential price gains in the June quarter, according to a Knight Frank LLP Global House Price Index published last Friday.
Home prices in the tiny Mediterranean island rose 17pc in the three months to June from a year earlier, Knight Frank said, citing data from the nation's central bank. A dearth of supply combined with a robust economy that grew 66pc last year and a buoyant tech industry is pushing up demand.
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