The bar chart delineates how many residences costing five million dollars or more were possessed in eight cosmopolitan cities in 2009 and 2014.
Overall, the number of over-five-million-dollar residences in all examined cities followed an upward trend, except for Singapore, where the trend reversed. Another notable observation is that London had the most exorbitant real estate market, which also experienced the most significant growth.
Looking at the details, in 2009, London had almost 50 more homes than New York, while in 2014, the figure for London was three times higher than that of New York. As a result, a milder increase was seen in the figure for New York. Hong Kong ranked third in the list with 388 residences in 2009; this figure then rose to 596 in 2014.
The remaining cities, including Miami, Los Angeles, Sydney, Singapore and Dubai had fewer than 400 real estate properties in the surveyed period. The number of residences worth five million dollars or more in Miami was 256 in 2009 and slightly increased to 312 in 2014. The figure for Singapore was 151 in 2009 before decreasing to 74 in 2014. In addition, Dubai sold the fewest houses, with 12 homes in 2009 and 46 homes in 2014.