Not London and New York: 13 cities in the world where the price of real estate is growing fastest

Residents of London and New York are constantly complaining about the incredible prices for real estate. Nevertheless, the cost per square meter increases in them more slowly. But in other cities, the price of housing is growing all the more rapidly. This may be due to economic growth, a career boom and a general attraction for life. So, here are thirteen different cities, where housing rises in price faster.

Berlin, Germany

This city is very attractive for life, therefore the prices grow here fast enough. In the German capital, good management and transparent transactions, which allows you to reduce the risk and makes the purchase attractive. In other cities, real estate also enjoys a stable demand, but the capital takes a leading position in this regard.

Melbourne, Australia

According to forecasts of specialists, the population of Melbourne will exceed the number of inhabitants of Sydney in 2036. That is why the housing here is in great demand. The city has undergone serious transformations over the past decade and has become a very attractive place to live. In Melbourne, both students and qualified specialists move, development goes immediately in all directions.

Sydney, Australia

This city is considered an excellent destination for the rich, so the prices for elite housing are also growing. Population growth is not as rapid as in Melbourne, but the price is more impressive, so Sydney still remains at a more prestigious position.

Seattle, United States

Suddenly this city became very popular. The prices here were previously quite low, therefore, despite the increase in cost, housing remains quite affordable. However, with the rapid rise in prices per meter, the situation is likely to change quite quickly in the next couple of years.

Gstaad, Switzerland

This town is popular with the rich in a ski resort, which makes real estate here so in demand. However, because of global warming, Swiss resorts may soon face problems, and then the relevance of real estate in such a city can greatly change.

Amsterdam, Netherlands

This European city is becoming more popular with financiers. After the credit crisis of 2008, the level of prices for real estate is constantly increasing. Expensive here even to stop as a tourist, the cost of hotel rooms and apartments for rent is also steadily rising in the capital of the Netherlands.

Vancouver, Canada

The third most populated city in Canada suddenly faced a rise in property prices, and as early as 2016, the market seemed stable. Nevertheless, now Vancouver is rapidly gaining popularity, and housing prices are rising at breakneck speed.

Toronto, Canada

This city attracts rich people thanks to a prosperous economy. As a result, even the most expensive real estate objects are popular. The financial situation in Canada is extremely favorable, so the trend is unlikely to change in the coming years.

Auckland, New Zealand

This city is the financial and commercial center of the country, the richest people live here, it is convenient for them to do business here. Many emigrants also move here, so there is nothing surprising in the rapid growth of prices for housing of different categories.

Seoul, South Korea

Seoul stands out among other Asian cities the growth of the economy and the demand for specialists. More and more people are leaving for Seoul, which is why prices are rising. The economic boom in Asia does not plan to stop, so this situation will remain unchanged for a long time.

Guangzhou, China

This rapidly developing city is a commercial center, there are many vacancies, so its population is growing. Together with the number of residents, the relevance of housing increases, which is accompanied by an increase in the cost per square meter.

Beijing, China

The huge capital of China is home to more than twenty million people. Prices for real estate are growing here at the same speed as the economy. In the coming years, the situation will be the same, and the cost of housing can reach record heights.

Shanghai, China

The largest city in China is the financial center not only of the country, but of Asia in general. Here the economy is growing rapidly, therefore real estate is in great demand. Probably, soon Shanghai can easily compete in prestige with such cities as London or New York.