Thirty-four of the 55 housing markets tracked by the Knight Frank’s Global Housing Price Index recorded an increase in mainstream property prices from the first quarter of 2012 to the first quarter of 2013. Hong Kong showed the highest jump, with local home prices increasing by 28 percent.

Among those countries in which mainstream property prices fell, Greece showed the largest drop -- with prices plummeting by almost 12 percent.

The U.S. saw prices rise by 10.2 percent over the past year, its highest rate of annual growth since 2006, according to the Knight Frank report.

Europe is the weakest performing region, said the report, with home prices falling by 0.3 percent on average in the past year.

Check out this interactive map to see which regions saw increases and decreases in home prices since the first quarter of 2012:

For more insights into this report click here.