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Property price inflation in Spain 3rd highest in the world after Hong Kong and South Africa during final quarter of 2004.
Article Date : Saturday, April 30, 2005
According to a new article in The Economist, Spanish property price increases during the final quarter of 2004 were the 3rd highest in the world, at 17.2%, behind South Africa (29.6%) and Hong Kong (28.7%). Over the period 1997 - 2004 South Africa tops the rankings with property price inflation of 195%, followed by Ireland (179%), the United Kingdom (147%) and Spain (131%).