World's 10 Hottest Real Estate Markets

6. Taiwan

Average 5-year price growth: 30.1 percent

On the list of world’s hottest housing markets, Taiwan comes on 6th position. It is known as one of the most densely populated countries in the world. Due to rapid urbanization, Taipei, the largest metropolitan center of Taiwan landed into crowded housing condition. According to Knight Frank, Taiwan’s housing prices rose more than 30 percent on average between the year 2006 and 2011, but the country has seen price dip of 4.1 percent in last year. The reason behind this price fall is because of government’s measure like ‘luxury tax’ implemented last year.