UK Only Article:
standard article
Issue:
Beware the cult of Xi
Fly Title:
Global house prices
Location:
New York
Main image:
20160402_FNP503.jpg
Rubric:
Valuations in globalised cities are rising much faster than in their hinterlands
GLOBALISATION has created a handful of metropolises that attract people, capital and ideas from all over the world, almost irrespective of how their national economy is doing. House prices in such places, unsurprisingly, outpace the national average. In our latest round-up of global housing, we find that prices have risen in 20 of the 26 countries we track over the past year, at an (unweighted) average pace of 5.1% after adjusting for inflation. Prices in pre-eminent cities in these countries, however, have risen by 8.3% on average.
In a survey conducted last year, fewer than one in nine residents of Amsterdam, Berlin, London, Paris, Stockholm and Zurich thought that it was easy to find ...
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