British houses
Media playback is unsupported on your device
Video

Why are property prices soaring?

Why are some property prices still rising in major cities across the globe, despite the slow economic recovery.

House prices have soared in many major cities across the globe, despite the slow economic recovery.

In London, prices have doubled since 2005, while in Singapore property prices have risen by 232%.

Chief business correspondent, Linda Yueh explains why.