The bar chart illustrates the number of houses sold for over 5 million US dollars in eight major cities worldwide in 2009 and 2014.
Overall, London consistently dominated the luxury housing market in both years, while Dubai recorded the lowest figures throughout. Except for Singapore, which experienced a decline, all other cities saw substantial growth, with New York and Hong Kong showing particularly dramatic increases.
In 2009, Dubai had the fewest high-value sales, at only 12 properties, yet this figure rose sharply to 46 by 2014. Singapore, in contrast, was the only city to experience a downturn, with sales decreasing from 107 to 74. Sydney witnessed considerable growth, climbing from 151 to 258, whereas Los Angeles showed a more modest rise, increasing from 178 to 214.
Miami’s sales also expanded steadily, moving from 256 to 312. Hong Kong experienced a remarkable surge, jumping from 388 to 596, thereby narrowing the gap with New York. The latter saw the most pronounced growth overall, with transactions soaring from 476 to 796, consolidating its position as one of the world’s most dynamic luxury property markets.