House prices increased in 68 per cent of the countries reporting price changes for Q3 2009, according to the new Knight Frank Global House Price Index.
Israel remained the top performer over a 12-month period, with prices increasing 13.7 per cent to the end of Q3 2009.
On a quarterly basis, Singapore saw the biggest rise in prices, up 15.2 per cent during the third quarter of the year.
However, house prices are still lower than 12 months ago in 57 per cent of the countries.
Dubai recorded the largest annual drop, of -47 per cent, but still posted moderate positive growth for the quarter.
Liam Bailey, Knight Frank's head of residential research, commented: "House prices are now rising in a clear majority of locations around the world with almost 70 per cent of the locations in the Knight Frank Global House Price Index reporting growth in the third quarter of 2009. This compares with under 50 per cent during the second three months of the year.
"There is still, however, a clear polarisation from the top to the bottom of the table. Israel remains the best performer on an annual basis and is the only country to have recorded double-digit growth (+13.7 per cent) during the past 12 months. Prices in Dubai have fallen the most (-47 per cent), despite posting a small recovery (1.2 per cent) in the third quarter. The recent debt issues with Dubai World and the subsequent loss of confidence by investors means even this nascent rally is already under threat.
"Those European countries yet to record their first quarter of growth since the credit crunch include Spain, Denmark and Ireland, where an oversupply of stock is holding back prices. This contrasts with the UK, which, despite being hit extremely hard initially, is staging a strong comeback as a shortage of houses for sale is contributing to rising values with demand outstripping supply."
Read the Knight Frank Global House Price Index for Q3 2009 in full.