Real Estate firm CBRE has recently given us a bird’s eye view of the global property market, showing us the property prices for major cities in the last 30 years. According to the research, UK prices have increased the most at a staggering 231.9%. The second fastest? Australia at 221.4%.
Sydney was ranked the 4th most expensive city in the world after London, New York and Hong Kong. Surprisingly, US property prices have only increased by 53.2% in the last 30 years, with declines for both Germany and Japan at 7.8% and 14.5% respectively. Australian property prices have increased due to the steady rise in Population, Immigration and undersupply in Housing.
Read more about this on the Broker News website.
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