(File photo/China News Service)
(ECNS) -- House price growth in China's four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- has been curbed, with Cambodia's capital leading global housing price gains in 2018, according to the Global House Price Index released by research firm Hurun Report on Wednesday.
Phnom Penh, capital of Cambodia, ranked first among the top 50 global cities in real estate price percentage gains, at 16.7 percent, followed by Budapest, at 16.2 percent.
Chinese cities held 22 spots, with Xi’an hitting third place at 14.6 percent, according to the report.
Haikou, Kunming, Hong Kong and Guiyang were among the world’s top 10.
The top three cities with the biggest return on investment were Phnom Penh, Las Vegas and San Jose.
This is the fifth time that Hurun has released the Global House Price Index and the Overseas Home Investment Return Index.