Rising prices for expensive housing has slowed around the world

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Photo: Heino Kalis / Reuters

Real estate in the world’s major capitals is expensive, but the rate of increase in prices reduced. This is evidenced by an analytical report “Wealth” (Wealth Report), prepared by the consulting company Knight Frank. Research materials submitted to the editorial Board “Tape.ru” on Thursday, September 13.

According to analysts ‘ estimates for the year by the fall of 2018 the average price per square meter of elite housing in the 20 largest cities of the world increased by four percent, while in December 2017, the annual growth reached six percent.

The city with the most rapidly appreciating real estate in 2018, has become Singapore, where over the past year the cost of the “square” has increased by almost 12 percent. Also significantly — by 9 percent — has increased the price per square meter in Tokyo. Beijing showed seven percent growth and Shanghai — three percent.

Europe is leading in terms of cost, luxury housing in Madrid (plus 10 percent per year). In addition, significantly added to the price of the premium meters in Berlin (plus 8.5%) and Paris (plus 6 percent).

“In the United States also noted the positive dynamics of real estate prices, reflecting the favourable economic condition in the country, — noted in the provided materials. — Trend of growth for American cities will remain stable until then, until you know all the consequences of the reforms of Donald trump”.

The biggest drop in the cost of elite housing — 6 percent per year — was recorded in Vancouver.

In Moscow, according to Knight Frank, prices in the market of expensive real estate in dollar terms grew by two percent.

According to previously published data, the most expensive apartment in the Russian capital in August 2018 were estimated at 2.54 billion. It is located in a residential complex in Dairy lane.

Video, photo All from Russia.

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