India
Annual increase: 8.9%
In this rapidly growing economy, it seems there may never be enough homes to house the expanding population.
Incomes here have risen considerably in recent years. And home prices, especially in Mumbai, have surged as demand for residential properties outpace supply. But India's government has been worried that the market might be too hot. In January, its central bank raised the benchmark interest rate to a two-year high.
It remains to be seen how record prices and high interest rates could discourage buyers and possibly compel developers to cut their asking price.
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Last updated April 28 2011: 12:31 PM ET
