Warsaw high in Chinese ranking of properties prices

Warsaw is tenth in the list of cities with the fastest increase in property prices in the ranking prepared by the Chinese research company Hurun. The list is dominated by cities in China and Central and Eastern Europe.

Budapest is at the peak, where the property prices in 2019 increased by as much as 21.8 percent y/y. Interestingly, the top ten included as many as six Chinese cities, and the top 50 had as many as 27. The next four positions behind Budapest were Chinese cities in the following order: Dali, Xi'an, Hohhot, and Guiyang. In addition, Zagreb came in sixth, and St. Petersburg in seventh.

The eighth-place was taken by the city of Shijiazhuang, and the ninth, just before Warsaw, Kunming. Prices of apartments in Warsaw last year increased by 13.1 percent. For comparison, in 2018 apartments in the Polish capital increased by 5.2 percent.

Of the cities in Western Europe, Luxembourg was ranked the highest (17th place). Among the 50 cities with the highest increases in property prices, there was not a single city located in the United States.

(300gospodarka)