The bar chart compares the changes in the number of houses estimated at 5 million USD and above in eight cities across the world between 2009 and 2014. Overall, the numbers rose across all cities except for Singapore, where the trend reversed. Notably, London was the leading city in both years and it also saw the largest increase.
In 2009, the numbers were somewhat evenly distributed across most cities, with London at the top of the chart – 500 houses. This was closely followed by New York and Hong Kong, where the figures recorded about 400 sales. The remaining five cities had much lower rates of sales, all under 300.
By 2014, the pattern had changed markedly. London remained dominant, with more than 1600 units – over a threefold increase from 2009. New York and Hong Kong also experienced growth, albeit at much lower rates, 800 and 600 respectively. In Miami, Los Angeles, Sydney and Dubai, although the figures rose noticeably, they remained far below 400 units. By contrast, Singapore was the only city with a significant drop in sales, falling to roughly half its 2009 figure.