By 2025, the housing market in major cities around the world has undergone significant changes. This was reported by Zamin.uz.
In particular, prices in the condominium segment have rapidly increased, reaching levels far beyond the purchasing power of residents in many areas. The ranking published by the Numbeo portal identified the 10 most expensive cities in the world.
This year's results notably highlighted the large number of Swiss cities. Five Swiss cities made it into this TOP-10 list.
Hong Kong holds the first place in the ranking. In this city, the average price per square meter of housing is $25,339.
Hong Kong's long-standing leading position is linked to several factors. These include limited land availability, population density, developed infrastructure, and its status as one of the largest financial centers in Asia.
In second and third places are Swiss cities Zurich ($24.8 thousand per square meter) and Lausanne ($22.9 thousand). The fourth place is occupied by Singapore, one of Asia's developed centers.
Here, the average price per square meter is $22.5 thousand. The fifth position is held by Bern, Switzerland ($22.2 thousand).
The remaining positions in the ranking include cities such as Geneva, Seoul, Basel, Tel Aviv–Jaffa, and London. Notably, only New York from a developed country like the USA made it into the TOP-20 list, ranking 11th.
According to experts, prices continue to rise due to increased global demand, limited land availability, inflation, and the economic attractiveness of major cities. It is expected that prices may further increase in some cities in the coming years.
