Madrid leads the global rankings on property price performance whilst London has seen muted performance

The latest market analysis by prime London property brokerage, Jefferies James, has revealed that when it comes to property price appreciation across the world’s luxury property hotspots London has seen one of the lowest annual rates of growth, with Madrid boasting the strongest performance.

Jefferies James analysed property price data across 15 global property hotspots to reveal which has seen the strongest rate of growth over the last year.*

The analysis shows that Madrid tops the table where current market performance is concerned, having seen property values climb by 20.3% over the last year.

Dubai also ranks highly in this respect, having seen property values climb by 16.5% on an annual basis, with Mumbai (+6%), New York (4.2%) and Singapore (+3.9%) also ranking within the top five.

At 3.6%, Geneva has also recorded a respectable level of property price appreciation over the last year, whilst growth has been more measured across Los Angeles and Monaco and 1.3% and 1.1% respectively.

Vancouver, Berlin, Sydney and London have seen the most muted market performances over the last year, with an annual rate of growth of just 0.4%, whilst property values across Paris (-3%), Auckland (-4.8%) and Hong Kong (-8.2%) have all fallen.

Founder of Jefferies James, Damien Jefferies, commented:

“The global landscape currently presents a rather mixed bag with respect to property price performance, as whilst a handful of cities have seen a respectable rise in values over the last year, there’s a good proportion where the market has remained fairly muted, with some even seeing a reduction.

However, whilst this may seem negative on the face of it, we’re seeing a heightened degree of activity from luxury buyers, who recognise that now is the time to act in order to take advantage of less buoyant market conditions.

This has particularly been the case across London, where property values have remained largely static year on year. Despite this, the city remains by far one of, if not the most desirable destinations for international buyers, many of whom are recognizing that now is the smart time to invest, before improving market conditions cause prices to rise.”

Data tables and sources

• *Data sourced from a range of sources (see full table via link below) and based either on property values in each domestic currency or on the change in house price index score recorded (Q4 2023 vs Q4 2024 – latest available for all cities included).
• Full data tables and sources can be viewed online, here.

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Notes to Editors: –

• Jefferies James is a prime London property broker with over 100 years experience within the industry.
• Damien Jefferies started his career in 1991 and has worked at a number of high profile businesses including Sinclairs’.
• Jefferies James takes a digital-first approach, combining the experience of its property professionals to achieve the most competitive outcome for its clients.