Denmark
Annual increase: 7.8%
Though parts of Europe are dealing with growing debt problems, Denmark's fiscal position has remained among the strongest in the European Union.
The country experienced a housing market boom in the years leading up to the global financial crisis, but that bubble burst all too suddenly with prices dropping steeply in 2008 and 2009.
Denmark's economy has recovered modestly, thanks partly to government stimulus. And with that, home prices have rebounded. But maybe not for long. The European Central Bank earlier this month raised interest rates for the first time in nearly three years, which could deter some homebuyers who might scoff at the thought of higher borrowing costs.
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Last updated April 28 2011: 12:31 PM ET
