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Global property prices - Europe dominates as Berlin leads the way

September 19th 2019

By Property Investor Today

Property prices in 46 prime global cities grew by 1.4% during Q2 2019.

The consultancy’s Prime Global Cities Index shows that price growth increased from the previous quarter but remains below the four-year average of 3.8%.

Some 35 of the 46 markets tracked recorded price growth in the year to June, equivalent to 76%.

The top performing city for annual growth in the year to June was Berlin with average prices rising by 12%, although this figure dropped from 14.1% in March.

The top three was made up by Frankfurt and Moscow with annual growth of 12% and 9.5% respectively.

Outside Europe, the best performing prime cities on an annual basis were Manila (6.2%), Beijing (4.5%) and Delhi (4.4%).

Of the 11 cities which saw prices decline annually, the weakest markets were Istanbul (-9.9%) and Vancouver (-13.6%).