The bar chart presents a comparative analysis of the number of houses sold for prices exceeding 5 million dollars across various cities in the years 2009 and 2014.
Overall, a pronounced surge in luxury house sales is evident in London, while notable increases are also observed in New York and Hong Kong. In contrast, both Miami and Los Angeles exhibit modest growth during the specified period.
In 2009, New York recorded approximately 250 high-end property sales, which escalated to around 400 by 2014. Similarly, Hong Kong experienced a rise from 200 to 300 units sold. In London, the figures reflect a remarkable increase, starting at 400 sales in 2009 and soaring to 1500 in 2014, solidifying its position as the leading market for luxury real estate during this timeframe. Conversely, while Dubai witnessed a stable performance with sales remaining at around 10 units in 2009, it experienced slight growth to approximately 40 units by 2014.
In addition to the aforementioned cities, Miami and Los Angeles displayed modest growth in luxury house sales. Miami’s sales figures rose from approximately 70 in 2009 to about 200 in 2014, indicating a significant upward trend. Los Angeles showed a similar pattern, increasing from around 50 to 200 sales. In contrast, Singapore remained stable, with sales figures maintaining consistency from 20 in 2009 to 40 in 2014, highlighting a less aggressive market in comparison to other cities.