Those looking to settle down in the vibrant, southeastern region of Hong Kong will need substantial savings behind them as the average price of a home in 2019 costs more than £916,000 ($1.2 million). Keeping the top spot on the annual Global Living report by CBRE for a fifth year in a row, it is believed high demand and short supply has pushed property prices to “unaffordable” levels. Singapore came in second, with the average price of a home in this island city-state setting buyers back £667,583 ($874,372). Third on the list was Shanghai, where a home will cost £666,195 ($872,555).

London was the most expensive place in Europe on the list, coming in at number eight for those looking to buy a property.

House hunters in the UK capital will need to set aside an average price of £493,769 ($646,973).

The only other European city to appear in the top 10 was Paris, which came in at number 10 with homes costing £476,465 ($624,299) on average.

The list from CBRE looked at data from 35 cities across the globe.

At the other end of the spectrum, Istanbul came in at number 35, with a home in the Turkish city costing a staggering amount less than the high hitters.

Buying a property in Istanbul will see buyers stumping up an average of £74,333 ($97,396).

Just above is Ho Chi Minh City in Vietnam, which will cost property seekers an average of £78,654 ($103,057).

Buying in Bangkok, Thailand, comes in next at £81,192 ($106,383).

For renters, New York was the most expensive with an average monthly rent of £2,170 ($2,844).

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Abu Dhabi and Hong Kong were the next most expensive for renters, both with average monthly rental costs of more than £2,060 ($2,700).

Jennet Siebrits, head of residential research at CBRE UK, said: “In general, we are seeing house price growth slow across our cities as we move towards the end of a long property cycle.

“We expect increasing interest rates to be affecting cities in the US, and various cooling measures (to be) affecting the Asia Pacific region.”


Hong Kong: $1,235,220
Singapore: $874,372
Shanghai, China: $872,555
Vancouver, Canada: $815,322
Shenzhen, China: $680,283
Los Angeles, United States: $679,200
New York, United States: $674,500
London, United Kingdom: $646,973
Beijing, China: $629,276
Paris, France: $625,299
Cape Town, South Africa: $577,660
Toronto, Canada: $575,557
Sydney, Australia: $537,891
Jeddah, Saudi Arabia: $447,749
Melbourne, Australia: $433,336
Dublin, Ireland: $427,350
Riyadh, Saudi Arabia: $415,767
Dubai, United Arab Emirates: $408,065
Abu Dhabi, United Arab Emirates: $404,926
Miami, United States: $333,600
Barcelona, Spain: $328,880
Rome, Italy: $282,442
Milan, Italy: $279,135
Madrid, Spain: $274,555
Moscow, Russia: $268,687
Montreal, Canada: $260,084
Birmingham, United Kingdom: $245,670
Manchester, United Kingdom: $229,445
Chicago, United States: $228,500
Johannesburg, South Africa: $218,443
Lisbon, Portugal: $207,834
Kuala Lumpur, Malaysia: $119,738
Bangkok, Thailand: $106,383
Ho Chi Minh City (Saigon), Vietnam: $103,057
Istanbul, Turkey: $97,396



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