Knight Frank has published an updated report on global cities and how real estate is performing within those cities. Their Global Residential Cities Index tracks the performance of average house prices across 150 cities.
How does this relate to global mobility or talent management?
They explain that whether a city is driven by finance, aerospace, commodities, defense or manufacturing, the most important asset is a large pool of educated and creative workers. Consequently, real estate is increasingly a business that seeks to build an environment that attracts and retains such people.
Based on data produced by Knight Frank, the Global Residential Cities Index which tracks the performance of average house prices across 150 cities worldwide, shows that prices rose by 6.9 per cent in the year to March 2017, the last time it reached this figure was in the final quarter of 2013.China dominates the rankings“Chinese cities continue to dominate the top rankings of urban house prices across 150 cities worldwide.” The report said. “However, Shanghai and Beijing, previously in third and sixth position, have slipped down the rankings to 13th and 12th respectively, outpaced by the second tier cities of Wuxi and Nanjing, both home to a population of more than 6 million.”