Most Expensive Global Real Estate Markets
- CBRE’s 2019 Global Living report was recently released which examines housing market trends in 35 global cities. The top 4 most expensive cities maintain the same position as last year: Hong Kong (average home price of US$1,235,220), Singapore, ($874,372), Shanghai ($872,555) and Vancouver ($815,322). Amongst other Canadian cities, Toronto ($575,557) comes in at 12 and Montreal ($260,084) comes in at 26.
- Over the past year, house prices continued to grow in all but five of the 35 cities analyzed in the report, with four cities – Barcelona, Dublin, Shanghai and Madrid – saw double digit growth. “Last year some of the best performing cities were New York, Los Angeles, Toronto, Vancouver, Sydney and Melbourne. With these markets now suffering from increasing affordability constraints, they have been pushed down the list making room for European cities where house price growth is still robust.”
