Global Residential Cities Index
The Global Residential Cities Index tracks mainstream house prices across 150 cities worldwide using data from official sources.
Key findings:
The annual increase in urban house prices has fallen below 10% for the first time since Q3 2021 as the higher interest rate environment starts to dampen demand and sales activity
Some 133 of the 150 cities tracked by the index recorded positive annual price growth in the year to Q3 2022, down only marginally from 138 last quarter.
Although city house prices are averaging stronger growth (9%) than national markets (8.8%), the gap in performance has narrowed in the last year.
48 of the 150 cities tracked by index are still registering double-digit annual price growth down from 68 last quarter.
Hong Kong saw prices decline 7.1 % in the year to Q3 2022
