Savills World Research
Key facts and figures:
Five cities have held the top spots
New York, Hong Kong, London, Paris and Tokyo have remained the five most expensive cities (in varying combinations) for almost a decade.
New York has overtaken London
London ceased to be the most expensive city in 2016, mainly due to a weaker pound in the wake of the Brexit vote. Its costs are now nearer Paris and Tokyo.
The rise of San Francisco
The city has gone from 11th place in 2008 to sixth in 2016. Being a booming tech city where everyone wants to be has driven up real estate costs.
LA up, Singapore down
Los Angeles has leapfrogged Singapore, which has seen falling commercial and residential rents.
The dramatic fall – and rise – of Dubai and Dublin
Our cost measure captures the real estate market crashes and recoveries in these cities.
Moscow and commodities
Lower oil prices have reduced occupier demand and driven down property costs in Moscow, which has slipped from sixth place to 14th in less than three years.
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