Global house prices in 2015 build on 2014 gain

Singapore

KNIGHT Frank's Global House Price Index rose 3 per cent in 2015 - a stronger gain compared with a 2.3 per cent increase in 2014.

This year, however, the outlook is muted. Kate Everett-Allen, partner, international residential research at the property consulting group, said: "We expect the index's overall rate of growth to be weaker in 2016 than in 2015. The global economy is experiencing a potentially dangerous cocktail of low oil prices, a strong dollar and a continued slowdown in China."