London and Paris have the X Factor

London and Paris have the X Factor

Experts examined property markets in 12 cities in order to detect their X Factor. New York and London share the 1st and the 2nd places, Singapore and Paris share the 3rd and the 4th places, reports ee24.com citing opp-connect.com and Savills.

Unlike traditional ratings, which are guided by the size of the population, as well as GDP and other economic indicators, X Factor includes the fame of the city and its attractiveness to foreign investors. Simply defined, X Factor is the level of competitiveness of residential and commercial property markets.

Dubai leads by increase in property prices (+20.4%), New York leads by the yield of residential property (6.1%). Tokyo is the most interesting for investors in residential property, and Moscow leads in the yield of office real estate (9.3%). The aggregate level of X Factor:

1 NY
1 London
3 Paris
3 Singapore
5 Hong Kong
6 Tokyo
7 Shanghai
8 Dubai
9 Sydney
10 Mumbai
11 Moscow
12 Rio