News

Brits fuel global property boom

These days the boom nations for housing demand can be found mostly in Eastern Europe and Scandinavia.

With cheaper air travel bringing more distant destinations within easier reach, there is also a growing demand for second homes in countries such as South Africa and Canada.

A survey of international house price inflation shows the countries where high demand has caused a sudden surge in property prices. Bulgaria, for example, comes with house prices increasing by 20.5% a year.