【Knight Frank】Global Residential Cities Index - Q2 2019

The Global Residential Cities Index tracks the movement in mainstream residential prices (in local currency) across 150 cities worldwide using official statistics.

Budapest (24.2%) has been usurped by the Chinese city of Xi’an (25.1%) this quarter as the city with the highest rate of annual growth according to the latest results from the Knight Frank Global Residential Cities Index. Overall, the index continues to track lower recording average growth of just 3.5% in the year to June 2019, down from a high of 6.7% at the end of 2016. Rising economic uncertainty, trade tensions, political crises and affordability concerns are leading to weaker sentiment in mainstream housing markets. In Europe, Porto (13.6%), Zagreb (11.4%) and Athens (11.2%) join Budapest in the top ten. Rising from a low base, prices in all three cities still sit below their pre-financial crisis peak. Dutch and Spanish, along with Latin American capitals, also rank highly.

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