Global living 2016 A city by city review 2–3CBRE Residential Global living 2016 Introduction Global forces are constantly at work changing our cities and shaping our lives. The homes we live in, invest in, purchase and rent, and the motivations for doing so, are being manipulated and modified by these global changes and influences. In this, our second annual ‘Global Living’ report, we examine the housing market of 35 of the world cities. Many of these cities are traditional global centres that have been on the world stage for some time, but others are just rising in prominence and promise. In this report, we focus on how the residential property market in each of our global cities has performed over the last 12 months, analysing each city’s individual story. What has been the standout achievement in each city Have prices changed dramatically, have rents moved up or down, or have certain areas within the city become suddenly popular with locals or those from overseas Again this year, some surprising narratives have been found: Istanbul and Vancouver have had the highest property price growth at 25% and 22% respectively, Bangalore (in our report for the first time) has made it into the top three for rental growth at nearly 10%, and Singapore, topping the list of the most expensive city in which to buy a property actually suffered property price decline last year of 3.1%, one of only six of our 35 cities to do so. Urbanisation of the world’s major cities continues unabated, and with this will come the need and desire for more housing, be it renting or buying. This report gives some insight into how this is manifesting itself in our ever-changing world and we hope you find it illuminating and informative. Jennet Siebrits Head of Residential Research 4–5CBRE Residential Global living 2016 City by city A quick glance at the main residential markets Los Angeles $567,700 $2,544pcm Vancouver $373,450 $890pcm Toronto $268,499 $930pcm Chicago $196,200 $1,650pcm New York $726,000 $2,422pcm Montreal $197,197 $572pcm Dublin $356,923 $1,563pcmMadrid $161,223 $903pcm Manchester $175,351 $1,045pcm London $550,632 $2,810pcm Barcelona $148,296 $777pcm Paris $351,981 $1,280pcm Frankfurt $302,167 $959pcm Berlin $236,581 $643pcm Istanbul $137,614 $754pcm Moscow $179,200 $750pcm Rome $349,650 $2,497pcm Miami $232,800 $1,868pcm Lisbon $192,996 $717pcm Cape Town $122,812 $921pcm Johannesburg $104,886 $678pcm Sydney $518,251 $1,665pcm Singapore $850,260 $2,960pcm Beijing $628,974 n/a Bangkok $159,500 $531pcm Abu Dhabi $445,500 $2,559pcm Doha n/a n/a Mumbai $306,000 $825pcm Bangalore $270,750 $780pcm Dubai $453,600 $2,317pcm Edinburgh $249,460 $1,453pcm Hong Kong $840,230 $1,960pcm Shanghai $772,869 n/a Average home price (apartments only) Average monthly rent, per calendar month (pcm) Asia Pacific Europe Middle East, Africa and Turkey Americas Milan $299,561 $2,286pcm 6–7CBRE Residential Global living 2016 With 25% annual home price inflation, Istanbul comes out as the city with the highest annual growth. Demand has been very strong from both domestic buyers and more recently, foreign buyers particularly from the Middle East who view Istanbul and Turkey as a safe harbour for wealth. Second on the list is Vancouver, a city which has experienced exceptionally high demand for housing over the last 12 months, with overseas investors in particular, willing to pay ever-higher prices for what is seen as a secure investment in a stable political and economic environment. Once again this year, Hong Kong has come out on top with the highest values per square foot (psf) at over $1,500. As more and more people continue to crowd into this market and the small land mass, Hong Kong’s property sizes, at circa 560 square feet, are one of the smallest of all of our global cities researched. Compare this with ‘second place’ Singapore, who’s average property value of $920 psf is nearly 40% lower than Hong Kong, but where the average unit size is almost double, at 980 square feet. For the second year in a row, Chicago tops our list with the highest average yields. Again, the large multi-family housing sector in this city is largely responsible. Two of the other three US cities in our global list also make the top ten, with Miami and NYC posting average yields of 9.6% and 7.5% respectively. Possibly reflecting a market bounce back after a rapid decline in rents post-, Madrid has come out on top with the highest annual rental growth of 11%. Istanbul recorded the second highest at 10%, partly a result of strong economic growth last year although with annual inflation of over 7.5%, real rental growth is not as sharp. Nearly all of the top ten cities with the highest average rents posted rates over $2,000 pcm. Singapore, at $2,960 pcm, comes out on top as the most expensive city in which to rent. This is followed by London, just 5% cheaper than Singapore, while Abu Dhabi and Los Angeles round out the top spots with average rents of over $2,500 pcm. Johannesburg and Istanbul again vie for ‘top spot’ this year for the global city with the best value average property prices. At $122 psf and $128 psf respectively, these property values are one tenth that of the most expensive value for money, Hong Kong. Global residential property markets: a comparison Before we begin the city by city analysis, these comparison pages provide an easy at-a-glance assessment of how these cities stack up against each other. Annual apartment price growth (%) 16Istanbul25.0 2–Vancouver22.3 37Shanghai21.2 44Sydney11.5 5–London11.5 610Cape Town11.0 75Berlin10.6 8–Miami10.5 99Beijing7.5 10–Lisbon7.4 Average apartment price ($ psf) 11Hong Kong1,501.88 25Singapore919.82 33New York907.50 42London734.18 54Paris541.51 6–Shanghai511.27 7–Beijing469.38 8–Frankfurt401.00 9–Bangkok370.45 107Los Angeles367.00 Average yield (%) 11Chicago10.1 24Miami9.6 3–Milan9.2 42Johannesburg9.0 5–Rome8.6 63Cape Town8.0 79New York7.5 86Manchester7.2 95Abu Dhabi7.0 10–Edinburgh6.9 Average annual rental growth (%) 1–Madrid11.0 23Istanbul10.0 3–Bangalore9.8 46Dublin9.3 5–Manchester8.7 6–Lisbon8.3 7–Miami5.4 89Los Angeles4.2 9–Vancouver4.1 10–New York3.9 Average monthly rent ($pcm) 13Singapore2,960 21London2,810 32Abu Dhabi2,558 44Los Angeles2,544 5–Rome2,497 65New York2,422 7–Milan2,286 86Dubai2,160 97Hong Kong1,960 109Miami1,868 Average apartment price ($ psf) 12Johannesburg121.79 21Istanbul127.85 3–Bangalore142.50 43Cape Town142.60 55Chicago143.00 67Barcelona148.30 7–Miami155.00 84Lisbon157.69 96Madrid161.22 10–Montreal164.33 Top ten cities with highest annual apartment price growth Top ten cities with highest valuesTop ten cities with highest average yield Top ten cities with highest average annual rental growth Top ten cities with highest average monthly rent Top ten cities with lowest values Grey numbers = position last year 。。。。。。以上简介无排版格式，详细内容请下载查看