A year ago, IPD introduced global comparative analysis of annual real estate performance at the city level. The first Global Cities Report, issued in mid-2011, covered 60 urban markets worldwide. Quarterly data is now available through the end of 2011 for some of these cities.
This Q4 2011 update provides an early peek at the year’s performance in 33 cities across seven countries. As was the case with the annual data, the trends described here are based on performance in local currencies and are intended to capture real estate performance alone, without regard to currency fluctuations which might skew cross-border performance.
This analysis draws from IPD’s database of more than 52,000 individual assets worldwide (which are valued at US$1.2 trillion) to measure the overall performance of urban markets. The depth of this coverage contributes to a robust comparative data series at the metro level. All quarterly data referenced in this analysis is measured as year-over-year rather than quarter-over-quarter.
Source : IPD