The 12 cities with the most expensive housing markets to live in worldwide 2019
These are the 12 most expensive cities in the world to buy a house in, in 2019. This data is according to a recently released report Global Living 2019 by CBRE, which is one of the worlds largest commercial real estate and investment firms.
All the figures below are in US dollars.
It seems after a decade of housing prices going up and up in many parts of the world, that this growth is starting to slowly start declining. This must be coming as a welcome relief to those struggling to break into the housing market in many areas worldwide.
Hong Kong and Singapore are ranked as the most expensive cities in the world to buy a house, with average prices of $1,235,220 and$874,372 respectively. This is a 5.5% increase in house growth last year for Hong Kong. The growth for Singapore just 1.1%.
Shanghai came in at third place with an average price of $872,555 for a house where prices increased quite substantially by 11.2% over the last year. Vancouver for the second year in a row came in at 4th place with a average price of $815,322. Vancouver’s house price growth increased by 4.1% last year.
Shenzhen nabbed 5th place with an average price of $660,283, with just an 0.15% growth in house prices. 6th was Los Angeles at $679,200 and an increase of 6.4% from last year.
7th place went to New York with an average property price of $674,500 and a 5.4% growth in price. 8th place went to London, with an average price of $648,973. This is a very slight increase of 1.1% in house growth prices.
Beijing came in 9th at $629,276 and no change in price from last year. 10th place went to Paris, at $625,999 and an increase in price of 9.1% from last year.
11th place went to Cape Town with an average price of $577,660 and an 8.7% increase in price from last year. And last but not least Toronto came in at 12th place with an average price of $577,660. Toronto’s had a house price growth of 1.4% last year.