The global property market performed well in the past year with volumes up 16.7 % to US$649bn, driven by the biggest cities which saw a near 21% rise.
New York is the top city overall and in fact moved further ahead in the past year with a 39% increase to $49.2bn. London saw a 6% increase and remains second while, with the fastest growth in the top 25, Los Angeles leapt ahead of Tokyo into 3rd spot. The makeup of the top 25 was little changed however, with Beijing and Stockholm dropping down the list and Denver and Frankfurt moving up as US and German cities outperformed.
Source : Cushman & Wakefield