Real estate 2014 trends

Residential Real Estate: 2014 Year in Review

property market-heriThe consulting firm Knight Frank has released the Wealth Report 2014, a comprehensive study of the global property markets.

The Wealth Report 2014 draws up a ranking of the most expensive real estate markets in the world.

This ranking is based on the SHOCAP index (Prime International Residential Index), the first international index of residential housing.

Top 10 of the most expensive cities in the world in 2014

Monaco is still at the top of the list. Thus, it will cost you $ 1 million to acquire a 15 sqm apartment in the principality!

Acquirable surface area for $ 1 million:

1 – Monaco, Europe: 15 sq m
2 – Hong Kong, Asia-Pacific: 20.5 sq m
3 – London, Europe: 25.3 sq m
4 РSingapore, Asia-Pacific:  32.7 sq m
5 – Geneva, Europe: 34.6 sq m
6 – New York, Asia-Pacific: 40.4 sq m
7 – Sydney, Asia-Pacific: 41.3 sq m
8 – Paris, Europe: 41.8 sq m
9 – Moscow, Europe: 44 sq m
10 – Shanghai, Asia-Pacific: 46.2 sq m

Top 10 of the strongest price rises in 2014

According to the survey, Asian property markets are booming.

1 – Jakarta: 36.2%
2 – Auckland: 27.1%
3 – Bali: 21.7%
4 – Christchurch: 20.8%
5 – Dublin: 16.9%
6 – Peking: 16.4%
7 – Dubai: 16.1%
8 – Abu Dhabi: 14.6%
9 – Guangzhou: 13.6%
10 – Los Angeles: 13.2%

Top 10 of the most significant price drops in 2014

On the contrary, the European real estate markets are generally down. 28 European cities experienced a price drop including Paris (- 4% ), Marrakesh (%) and Milan (10%).

1 – Provence, Europe: -6%
2 – English Virgin Islands, Caribbean: -7%
3 – Cyprus, Europe: -7%
4 – Val d’Isere, Europe: -7%
5 – Geneva, Europe: -8%
6 – St Moritz, Europe: -9%
7 – Evian, Europe: -10%
8 – Dordogne, Europe: -10%
9 – Crans Montana, Europe: -10%
10 – Sardinia, Europe: -10%

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