You don’t have to live in Hong Kong, Beijing or London to feel priced out of the market when it comes to buying a property. A worldwide investigation into housing prices has found that home buyers in the Peruvian capital of Lima are facing a much steeper rise in prices. CCTV’s Dan Collyns reports.

According to a recent study by the Bank of International Settlements, home prices have risen overall in Lima, the Peruvian capital by a staggering 121 percent. Meanwhile, Chinese home prices have risen 64 percent since the global financial crisis in 2008.