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Global Living 2019 GLOBAL LIVING 2019 3 Welcome to the fifth edition of our Global Living report, Welcome where we examine the housing markets in 35 global cities. They include the most exciting cities in the world, from emerging technology-driven powerhouses like Shenzhen and Bangkok and more traditional capital cities such as Rome and Lisbon, to rapidly evolving modern urban centres like Dubai and Johannesburg. How have they all performed over the last year? House prices continued to grow in all but five of The most expensive city in which to rent a property the 35 cities we analysed - and four cities, Barcelona, today is New York, with Abu Dhabi, Hong Kong, Dublin, Shanghai and Madrid, saw double digit Jeddah and London not far behind. growth. The highest property prices, by some margin, are in Hong Kong, followed by Singapore, Shanghai Whether you are an owner, renter or investor in and Vancouver. residential property, we hope you find this report illuminating and informative. Hong Kong also leads the global residential property market on a $ per sq ft basis, while other cities in the top 10 include hotspots such as Paris, London and New York. As observed in last year’s report, some of the cities with the highest prices have introduced effective cooling measures to improve affordability and reduce an oversupply of housing stock. Jennet Siebrits Head of Residential Research Demand for flexible rental properties keeps on rising across the world, which impacts rental costs. Five European cities feature in the top 10 annual rental growth table, including Lisbon, Madrid, Dublin, Barcelona and London, with the other five from Asia (Hong Kong), North America (Vancouver, Toronto and Montreal), and South Africa (Cape Town).
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