Hurun Report Releases Hurun Global House Price Index 2017 Half-Year
The Hurun Research Institute today released the Hurun Global House Price Index 2017 Half-Year, listing the 50 cities with the highest house price changes in the twelve months to 30 June 2017.
China housing prices growing fastest in world
6 Chinese cities in Top 10 & 21 in the Top 50
Toronto jumped 26% yoy, Number One in world
Hong Kong Top 5, with house prices rising 20.8% yoy
Wuxi fastest growing city in mainland China; Zhengzhou, Changsha, Guangzhou and Shijiazhuang in Top 10
USA, with 15 cities, led way for highest global property ROI (housing price change + RMB change + rental yield), followed by Germany (5), Australia (4) and Canada (4)
Preferred cities for Chinese migration Los Angeles, Seattle, San Francisco, New York and Vancouver all saw ROI between 15% and 25%
SE Asia cities Kuala Lumpur, Bangkok and Jakarta jumped into ROI Top 50
Hurun Report Releases Hurun Global House Price Index 2017 Half-Year
& Hurun China HNWI Global Property ROI 2017 Half-Year
(31 August 2017, Shanghai, China) The Hurun Research Institute today released the Hurun Global House Price Index 2017 Half-Year, listing the 50 cities with the highest house price changes in the twelve months to 30 June 2017. Hurun Research also released today the Hurun China HNWI Global Property ROI 2017 Half-Year, which takes into account three factors: the annual house price change, rental yields and the RMB currency change.
42 of the 50 cities in the Hurun Global House Price Index 2017 Half-Year saw property prices rise by more than 10%.
16 of the 50 cities in the Hurun China HNWI Global Property ROI 2017 Half-Year saw returns of more than 20%.
Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “Global asset allocation is one of the biggest trends now for China’s high net worth individuals, led by real estate.”
This is a brief English language summary of the full Chinese press release which can be found at www.hurun.net. For media enquiries please contact our public relations team whose contact details can be found at the end of this report.
Hurun Global House Price Index 2017 Half-Year
Toronto, saw its biggest rise in global housing prices in the last year, up to 26.1%. Hong Kong ranked fourth globally, with housing prices up 20.8% in the latest year. Wuxi, Jiangsu, has been the fastest growing city in mainland China in the last year, with Zhengzhou, Changsha, Guangzhou and Shijiazhuang in the top 10, and Xi 'an also performing well.
Top 50 cities are from 12 countries. China has the most with 21 cities, followed by the USA (Seattle, Orlando, Dallas, Denver, New York, Sacramento and Miami), Germany (Berlin, Hanover, Stuttgart, Frankfurt, Munich and Hamburg), Canada (Toronto, Hamilton, Victoria and Vancouver), Australia (Melbourne, Sydney and Canberra), Ireland and New Zealand with 2 cities each. Others include Ireland, Portugal, South Korea and Turkey.
Table: Hurun Global House Price Index 2017 Half-Year
No | City | House price change | Country |
1 | Toronto | 26.1% | Canada |
2 | Reykjavík | 23.0% | Iceland |
3 | Wuxi | 22.9% | China |
4 | Hong Kong | 20.8% | China |
5 | Zhengzhou | 20.2% | China |
6 | Hamilton | 19.7% | Canada |
7 | Changsha | 18.5% | China |
8 | Guangzhou | 17.9% | China |
9 | Waterford | 16.4% | Ireland |
10 | Shijiazhuang | 16.1% | China |
11 | Jinan | 15.9% | China |
11 | Victoria | 15.9% | Canada |
13 | Hefei | 15.4% | China |
14 | Otago | 15.3% | New Zealand |
15 | Wuhan | 14.9% | China |
16 | Xiamen | 14.7% | China |
17 | Hangzhou | 14.6% | China |
18 | Xi'an | 14.3% | China |
18 | Berlin | 14.3% | Germany |
20 | Fuzhou | 14.1% | China |
21 | Melbourne | 13.7% | Australia |
22 | Nanjing | 13.6% | China |
23 | Wellington | 13.5% | New Zealand |
24 | Amsterdam | 13.4% | Netherlands |
25 | Hannover | 13.2% | Germany |
26 | Tianjin | 12.9% | China |
27 | Seattle | 12.7% | United States |
28 | Nanning | 12.3% | China |
29 | Sydney | 12.2% | Australia |
30 | Chongqing | 12.1% | China |
31 | Stuttgart | 11.9% | Germany |
32 | Frankfurt | 11.7% | Germany |
33 | Lisbon | 11.6% | Portugal |
34 | Beijing | 11.5% | China |
34 | Qingdao | 11.5% | China |
34 | Munich | 11.5% | Germany |
37 | Istanbul | 11.4% | Turkey |
38 | Dublin | 11.2% | Ireland |
38 | Dallas | 11.2% | United States |
40 | Hamburg | 11.0% | Germany |
40 | Nanchang | 11.0% | China |
42 | Shanghai | 10.0% | China |
43 | Orlando | 9.8% | United States |
44 | Canberra | 9.6% | Australia |
45 | Seoul | 9.3% | Korea |
46 | Denver | 9.2% | United States |
46 | Vancouver | 9.2% | Canada |
48 | New York | 8.7% | United States |
49 | Sacramento | 8.6% | United States |
50 | Miami | 8.2% | United States |
Source: Hurun Research 2017
Hurun China HNWI Global Property ROI 2017 Half-Year
Hurun China HNWI Global Property ROI 2017 Half-Year, which is in the sum of house prices, rental returns and the rise of change local money to RMB.
Table: Hurun China HNWI Global Property ROI 2017 Half-Year
No. | City | Global Property ROI (A+B+C) | Country | A: Growth rate of house price | B: Rental Yield | C: Local currency against the Chinese Yuan |
1 | Toronto | 32.4% | Canada | 26.1% | 4.8% | 1.6% |
2 | Wellington | 26.3% | New Zealand | 13.5% | 7.2% | 5.6% |
3 | Seoul | 26.2% | Korea | 9.3% | 8.0% | 8.9% |
4 | Hamilton | 26.1% | Canada | 19.7% | 4.8% | 1.6% |
5 | Seattle | 25.3% | United States | 12.7% | 8.7% | 4.0% |
5 | Hong Kong | 25.3% | China | 20.8% | 2.1% | 2.4% |
7 | Victoria | 24.5% | Canada | 15.9% | 7.0% | 1.6% |
8 | Waterford | 23.9% | Ireland | 16.4% | 5.0% | 2.5% |
9 | Orlando | 23.3% | United States | 9.8% | 9.5% | 4.0% |
10 | Denver | 22.8% | United States | 9.2% | 9.6% | 4.0% |
11 | Miami | 21.9% | United States | 8.2% | 9.7% | 4.0% |
12 | Amsterdam | 21.5% | Netherlands | 13.4% | 5.6% | 2.5% |
13 | Sacramento | 21.4% | United States | 8.6% | 8.8% | 4.0% |
14 | Melbourne | 21.1% | Australia | 13.7% | 3.3% | 4.1% |
15 | Dublin | 20.7% | Ireland | 11.2% | 6.9% | 2.5% |
16 | Berlin | 20.6% | Germany | 14.3% | 3.8% | 2.5% |
17 | Atlanta | 19.9% | United States | 7.8% | 8.1% | 4.0% |
18 | Sydney | 19.7% | Australia | 12.2% | 3.4% | 4.1% |
19 | Portland | 19.5% | United States | 6.7% | 8.8% | 4.0% |
20 | Canberra | 19.4% | Australia | 9.6% | 5.7% | 4.1% |
21 | Lisbon | 19.3% | Portugal | 11.6% | 5.2% | 2.5% |
22 | Stuttgart | 18.7% | Germany | 11.9% | 4.3% | 2.5% |
22 | San Diego | 18.7% | United States | 6.5% | 8.2% | 4.0% |
24 | New York | 18.6% | United States | 8.7% | 5.9% | 4.0% |
25 | Boston | 18.5% | United States | 7.6% | 7.0% | 4.0% |
26 | Frankfurt | 18.4% | Germany | 11.7% | 4.2% | 2.5% |
27 | Los Angeles | 18.0% | United States | 5.8% | 8.2% | 4.0% |
28 | Chicago | 17.8% | United States | 6.3% | 7.5% | 4.0% |
29 | Hamburg | 17.4% | Germany | 11.0% | 3.8% | 2.5% |
30 | Kuala Lumpur | 17.3% | Malaysia | 17.0% | 4.8% | -4.5% |
31 | Munich | 16.9% | Germany | 11.5% | 2.9% | 2.5% |
32 | San Francisco | 15.8% | United States | 5.3% | 6.6% | 4.0% |
32 | Bangkok | 15.8% | Thailand | 6.10% | 4.0% | 5.7% |
34 | Vancouver | 15.5% | Canada | 9.2% | 4.7% | 1.6% |
35 | Houston | 15.3% | United States | 2.7% | 8.6% | 4.0% |
36 | Barcelona | 13.6% | Spain | 7.0% | 4.1% | 2.5% |
37 | Washington,DC | 13.3% | United States | 3.4% | 5.9% | 4.0% |
38 | Manchester | 13.2% | UK | 8.1% | 7.9% | -2.9% |
39 | Jakarta | 11.8% | Indonesia | 4% | 6.8% | 1.0% |
40 | Brisbane | 11.3% | Australia | 2.0% | 5.2% | 4.1% |
41 | Madrid | 11.2% | Spain | 4.0% | 4.7% | 2.5% |
42 | Paris | 11.0% | France | 5.50% | 2.8% | 2.7% |
43 | Dubai | 9.2% | UAE | -3% | 10.3% | 2.1% |
43 | Auckland | 9.2% | New Zealand | -0.6% | 4.2% | 5.6% |
43 | Nagoya | 9.2% | Japan | 2.9% | 6.0% | 0.3% |
46 | Birmingham | 8.6% | UK | 6.10% | 5.4% | -2.9% |
47 | Osaka | 8.4% | Japan | 2.1% | 6.0% | 0.3% |
48 | Liverpool | 7.7% | UK | 3.6% | 7.0% | -2.9% |
49 | Abu Dhabi | 6.9% | UAE | -5% | 9.8% | 2.1% |
50 | Bristol | 6.6% | UK | 5.5% | 4.0% | -2.9% |
Source: Hurun Research 2017
Other Related Research
Overseas property: Preferred Destinations for Emigration and Overseas Property Purchases
In terms of property purchasing and emigration, the United States remains the emigration destination of choice among HNWI once again. The top ten destinations for emigration and property purchase are Los Angeles, Seattle, San Francisco, New York, Vancouver, Boston, Melbourne, Toronto, New Zealand and Sydney. Los Angeles remains the most popular city in North America among Chinese HNWI for the fourth year running, while Seattle is on the rise every year, surpassing San Francisco for the first time, to take second place. New York remains the fourth most popular city, followed by Vancouver in fifth. Boston fell to sixth, Melbourne maintained seventh, and Toronto climbed two places to eighth. (Refer to Immigration and the Chinese HNWI 2017)
Table: Preferred Destinations for Emigration and Overseas Property Purchases
City | % Change | |
1 - | Los Angeles | 17.6% (-0.2%) |
2 ↑ | Seattle | 11.8% (-1%) |
3 ↓ | San Francisco | 10% (-3.2%) |
4 - | New York | 9.9% (-1.7%) |
5 ↑ | Vancouver | 6.3% (-0.8%) |
6 ↓ | Boston | 6.2% (-1%) |
7 - | Melbourne | 4.8% (+0.9%) |
8 ↑ | Toronto | 4.7% (+2%) |
9 ↓ | New Zealand | 4.1% (+0.3%) |
10 ↓ | Sydney | 3.6% (-0.2%) |
Source: Immigration & the Chinese HNWI 2017, by Visas Consulting Group and Hurun Report
- same as last year ↑up ↓down
About Hurun Report Inc.
Nobody Knows China’s Rich Better!
Established as a research unit in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading research house, media and lifestyle investments business based in Shanghai, China, best-known for its rankings of the richest people in China, India and the rest of the world.
Hurun Report Inc. has four divisions: Hurun Research Institute; Hurun Media; Hurun Conferences and Training, an active events division targeting entrepreneurs and high net worth individuals; and Hurun Lifestyle and Investments, with investments in education, interior design, horses, bespoke tailoring, media and retail.
Download:
Press Release - Hurun Global House Price Index 2017 Half-Year 170831 ENG.docx
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