The given bar chart compares the number of houses worth at least 5 million dollars sold in eight major cities in 2009 and 2014
Overall, London consistently had the highest number of luxury home sales in both years, while Dubai recorded the lowest figures. Most cities witnessed an increase in sales over the five-year period, with London experiencing the most dramatic rise. By contrast, Singapore was the only city where sales declined.
London dominated the market with 523 high-value homes sold in 2009, and this figure more than tripled to 1,638 in 2014. New York also saw a significant rise, from 476 to 796. Hong Kong followed a similar trend, with sales climbing from 388 to 596. Although Miami, Los Angeles, and Sydney all recorded lower numbers, they still experienced growth. Miami’s figures increased from 256 to 312, while Los Angeles and Sydney saw more moderate gains, rising from 178 to 214 and from 151 to 258, respectively.
Dubai had the fewest sales in both years, despite experiencing a noticeable rise from 12 in 2009 to 46 in 2014. The only city to see a decline was Singapore, where sales dropped from 107 to 74. Interestingly, while the increases in cities like New York and Hong Kong were substantial, they were still overshadowed by London’s surge, which accounted for the majority of high-end property transactions in 2014.