Sweetome Hurun Global House Price Index 2019 Half-Year
Hurun Research Institute and Sweetome Group today jointly released Sweetome Hurun Global House Price Index 2019 Half-Year and Sweetome Hurun China HNWI Global Property ROI 2019 Half-Year.
28 Chinese cities among World’s Top 50 Property Price Increases, up 17 on last year
Property prices in Xi'an rose fastest, up 19.3% over past year, 45% over past three years
Changsha property prices up 40% in three years; Chongqing and Nanning, both up 30%
Budapest saw the fastest housing price increase in the world, up 23% in past year
Of first-tier cities in China, only Guangzhou made the Top 50, up 7% in the past year. Beijing, Shanghai and Shenzhen did not make the cut, with price increases of 2%, 0.5% and 0.2%
Other Chinese cities that made the Top 10: Dali, Haikou, Hohhot, Guiyang, Kunming, Sanya, Harbin and Jinan
Chinese cities that made the Top 20: Dalian, Shijiazhuang, Qingdao, Shenyang, Chengdu, Changchun and Chongqing
USA offered the highest return on overseas property investment, with 19 cities in the Top 50, down 2 on last year. Germany has 6, Japan and Thailand 3 each
Thai baht rose 12% against the Chinese Yuan in the past year, resulting in Phuket, Bangkok and Pattaya making the Top 5 Highest Return on Property Investments in the World
Property investments in Berlin, Bangkok and Seattle up 50% over 3 years
Hurun Research Institute releases Sweetome Hurun Global House Price Index 2019 Half-Year & Sweetome Hurun China HNWI Global Property ROI 2019 Half-Year
(28 August 2019, Shanghai, China) Hurun Research Institute and Sweetome Group today jointly released two lists. The first is Sweetome Hurun Global House Price Index 2019 Half-Year, listing the 50 cities with the highest house price changes in the twelve months to 30 June 2019. The second is the Sweetome Hurun China HNWI Global Property ROI 2019 Half-Year, listing the cities that have provided the best returns on property investments, taking into account the annual house price change, rental yields and exchange rate difference over the 12-month period ending 30 June 2019. This is the sixth time that Hurun Research Institute released the Global House Price Index & China HNWI Global Property ROI.
Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report said: “The Global House Price Index, being released today together with our strategic partner Sweetome, highlights the property price changes in cities that Chinese high net worth families are most likely to invest.”
The cut-off to make the Global House Price Index Top 50 was 6% this year, with property prices rising by over 10% in 20 cities.
The cut-off to make the China HNWI Global Property ROI Top 50 was 9.5%.
Rupert Hoogewerf said: “It came as a surprise for me to realise that had a Chinese bought a property in the likes of Berlin, Seattle or Bangkok, their return on investment would exceed 50% over the past three years. It may also come as a surprise to understand that net rental yield in places like Houston and Dallas is above 5%.”
This is a brief English language summary of the full Chinese press release which can be found at www.hurun.net. For media enquiries please contact our public relations team whose contact details can be found at the end of this report.
Sweetome Hurun Global House Price Index 2019 Half-Year
In the past year, Budapest has jumped to the top of the global housing price increase, up 22.9%, followed by Xi'an with 19.3%, Dali with 18.4%, and Haikou and Hohhot, tied for fourth with 17.9%. Four of the Top 5 cities are in China.
The Top 50 cities are from 15 countries, of which China led with 28, an increase of 17 over the same period last year. Germany was second with 6, up 2, followed by the US with 3, down 13 on last year, and Spain with 2. Poland, the Philippines, South Korea, the Netherlands, Luxembourg, Malta, Japan, Switzerland, New Zealand, Hungary and the United Kingdom each had one city make the list.
Budapest saw its property prices rise fastest in the world. House prices in Warsaw, Poland, rose by 11.5%, up 32 places over the same period last year.
In Southeast Asia, the price of property in Manila in the Philippines rose by 6.4%, ranking 45th on the list.
Table: Sweetome Hurun Global House Price Index 2019 Half-Year
Rank Change | City | 2019 Half-Year Growth rate of house price (12 months to 30 June 2019) | 2018 Half-Year Growth rate of house price (12 months to 30 June 2018) | Country | |
1 | 5 | Budapest | 22.9% | 12.1% | Hungary |
2 | 6 | Xi‘an | 19.3% | 11.8% | China |
3 | New | Dali | 18.4% | - | China |
4 | New | Haikou | 17.9% | - | China |
4 | New | Hohhot | 17.9% | - | China |
6 | New | Guiyang | 16.3% | - | China |
7 | New | Kunming | 15.4% | - | China |
8 | New | Sanya | 14.8% | - | China |
9 | New | Harbin | 13.2% | - | China |
10 | New | Jinan | 13.0% | - | China |
11 | New | Dalian | 12.5% | - | China |
12 | -5 | Amsterdam | 12.0% | 11.9% | Netherlands |
12 | New | Shijiazhuang | 12.0% | - | China |
14 | 32 | Warsaw | 11.5% | 6.0% | Poland |
15 | -13 | Berlin | 11.2% | 14.9% | Germany |
15 | New | Qingdao | 11.2% | - | China |
17 | New | Shenyang | 11.1% | - | China |
18 | New | Chengdu | 10.8% | - | China |
19 | New | Changchun | 10.3% | - | China |
20 | -3 | Chongqing | 10.2% | 9.7% | China |
21 | New | Taiyuan | 9.9% | - | China |
22 | -9 | Madrid | 9.7% | 10.8% | Spain |
22 | 7 | Changsha | 9.7% | 7.9% | China |
24 | New | Wuhan | 9.1% | - | China |
25 | New | Urumqi | 9.0% | - | China |
25 | New | Lanzhou | 9.0% | - | China |
27 | New | Stuttgart | 8.9% | - | Germany |
28 | New | Guilin | 8.4% | - | China |
29 | -21 | Frankfurt | 8.3% | 11.8% | Germany |
29 | 17 | Nanchang | 8.3% | 6.0% | China |
31 | -8 | Nanning | 8.2% | 8.5% | China |
31 | New | Atlanta | 8.2% | - | United States |
33 | 2 | Wellington | 8.1% | 7.3% | New Zealand |
34 | New | Liverpool | 7.9% | - | UK |
34 | New | Zhengzhou | 7.9% | - | China |
36 | -11 | Hamburg | 7.7% | 8.3% | Germany |
37 | New | Luzern | 7.5% | - | Switzerland |
38 | New | Hannover | 7.4% | - | Germany |
39 | -35 | Las Vegas | 7.1% | 12.7% | United States |
39 | New | Guangzhou | 7.1% | - | China |
41 | -14 | Munich | 6.9% | 8.0% | Germany |
41 | New | Luxembourg | 6.9% | - | Luxembourg |
43 | New | Fuzhou | 6.8% | - | China |
44 | New | Valletta | 6.7% | - | Malta |
45 | New | Manila | 6.4% | - | Philippines |
46 | New | Tokyo | 6.3% | - | Japan |
46 | 2 | Ningbo | 6.3% | 5.9% | China |
48 | New | Seoul | 6.2% | - | South Korea |
49 | -39 | Orlando | 6.0% | 11.2% | United States |
49 | New | Barcelona | 6.0% | - | Spain |
Source: Hurun Research Institute
Sweetome Hurun China HNWI Global Property ROI 2019 Half-Year
Hurun China HNWI Global Property ROI is the sum of the annual increase in house prices, the rate of return on rent and the increase in local currency against the RMB.
Budapest is the city with the highest return on investment in overseas real estate; followed by Phuket and Bangkok.
The Top 50 cities with the highest returns on investment came from 21 countries, of which the United States ranked first with 19 cities, down 2 from the same period last year; followed by 6 in Germany, 3 in Japan and 3 in Thailand, each in Canada and Spain. There are two, one each in Ireland, Poland, Russia, the Philippines, the Netherlands, Cambodia, Luxembourg, Malta, Switzerland, Greece, Singapore, New Zealand, Hungary, the United Kingdom and China.
Washington was the only new city from the USA to make the list.
In Europe, this year's newcomers included Lucerne, Stuttgart, Hannover, Luxembourg, Moscow and Athens.
Table: Sweetome Hurun China HNWI Global Property ROI 2019 Half-Year
Rank Change | City | Global Property ROI (A+B+C) | A: Growth rate of house price (YOY) | B: Rental Yield (YOY) | C: Local currency against the Chinese Yuan (YOY) | Country | |
1 | 34 | Budapest | 29.2% | 22.9% | 3.2% | 3.0% | Hungary |
2 | 20 | Phuket | 21.5% | 4.9% | 4.9% | 11.7% | Thailand |
3 | 12 | Bangkok | 19.9% | 4.0% | 4.2% | 11.7% | Thailand |
4 | 45 | Warsaw | 19.2% | 11.5% | 3.7% | 4.0% | Poland |
5 | New | Pattaya | 19.0% | 3.0% | 4.3% | 11.7% | Thailand |
6 | New | Manila | 18.6% | 6.4% | 4.2% | 8.0% | Philippines |
7 | 29 | Atlanta | 17.1% | 8.2% | 5.1% | 3.8% | USA |
8 | 17 | Houston | 16.9% | 5.0% | 8.1% | 3.8% | USA |
9 | -5 | Amsterdam | 16.8% | 12.0% | 3.8% | 1.0% | Netherlands |
10 | -7 | Las Vegas | 16.2% | 7.1% | 5.3% | 3.8% | USA |
11 | New | Luzern | 15.7% | 7.5% | 2.9% | 5.3% | Switzerland |
12 | -7 | Orlando | 15.5% | 6.0% | 5.7% | 3.8% | USA |
13 | New | Wellington | 15.2% | 8.1% | 4.1% | 3.0% | New Zealand |
14 | New | Tokyo | 15.1% | 6.3% | 2.3% | 6.5% | Japan |
15 | -14 | Berlin | 14.9% | 11.2% | 2.7% | 1.0% | Germany |
16 | 7 | Phoenix | 14.8% | 5.5% | 5.5% | 3.8% | USA |
17 | -5 | Tampa | 14.4% | 5.6% | 5.1% | 3.8% | USA |
18 | 2 | Dallas | 14.2% | 2.7% | 7.7% | 3.8% | USA |
19 | -12 | Madrid | 14.1% | 9.7% | 3.4% | 1.0% | Spain |
20 | New | Hokkaido | 13.5% | 3.3% | 3.7% | 6.5% | Japan |
20 | New | Phnom Penh | 13.5% | 5.0% | 5.4% | 3.1% | Cambodia |
20 | 23 | Osaka | 13.5% | 4.3% | 2.6% | 6.5% | Japan |
23 | New | Stuttgart | 13.2% | 8.9% | 3.3% | 1.0% | Germany |
24 | 14 | Miami | 12.9% | 3.9% | 5.2% | 3.8% | USA |
24 | -11 | Sacramento | 12.9% | 4.0% | 5.1% | 3.8% | USA |
26 | New | Hamilton | 12.7% | 4.9% | 3.7% | 4.1% | Canada |
26 | 19 | Liverpool | 12.7% | 7.9% | 5.1% | -0.3% | UK |
28 | 1 | Hong Kong | 12.5% | 5.9% | 2.4% | 4.2% | China |
29 | -11 | Nashville | 12.1% | 3.3% | 5.0% | 3.8% | USA |
30 | -23 | Frankfurt | 12.0% | 8.3% | 2.7% | 1.0% | Germany |
31 | New | Hannover | 11.7% | 7.4% | 3.4% | 1.0% | Germany |
32 | 0 | Boston | 11.6% | 3.4% | 4.4% | 3.8% | USA |
33 | -14 | Hamburg | 11.5% | 7.7% | 2.8% | 1.0% | Germany |
34 | 6 | Valletta | 11.4% | 6.7% | 3.7% | 1.0% | Malta |
35 | -1 | Portland | 11.1% | 2.6% | 4.7% | 3.8% | USA |
36 | New | Luxembourg | 11.0% | 6.9% | 3.1% | 1.0% | Luxembourg |
36 | -19 | Denver | 11.0% | 2.0% | 5.2% | 3.8% | USA |
38 | New | Moscow | 10.8% | 4.4% | 3.4% | 3.0% | Russia |
38 | New | Washington DC | 10.8% | 2.6% | 4.4% | 3.8% | USA |
38 | -2 | Philadelphia | 10.8% | 4.3% | 2.7% | 3.8% | USA |
41 | -1 | Barcelona | 10.7% | 6.0% | 3.7% | 1.0% | Spain |
41 | -28 | San Francisco | 10.7% | 2.8% | 4.1% | 3.8% | USA |
43 | -41 | Dublin | 10.4% | 4.1% | 5.4% | 1.0% | Ireland |
43 | 7 | Singapore | 10.4% | 3.1% | 2.8% | 4.5% | Singapore |
45 | New | Toronto | 10.3% | 2.8% | 3.4% | 4.1% | Canada |
46 | New | Athens | 10.2% | 5.8% | 3.4% | 1.0% | Greece |
47 | -19 | Munich | 10.1% | 6.9% | 2.2% | 1.0% | Germany |
48 | -21 | Los Angeles | 10.0% | 1.9% | 4.3% | 3.8% | USA |
49 | -4 | Chicago | 9.7% | 0.0% | 5.9% | 3.8% | USA |
50 | -44 | Seattle | 9.5% | 1.6% | 4.1% | 3.8% | USA |
Source: Hurun Research Institute
The Top 10 cities for rental yields in the year to 30 June 2019
City | Rental Yield (YOY) | Country | |
1 | Houston | 8.1% | USA |
2 | Dallas | 7.7% | USA |
3 | Chicago | 5.9% | USA |
4 | Orlando | 5.7% | USA |
5 | Phoenix | 5.5% | USA |
6 | Phnom Penh | 5.4% | Cambodia |
6 | Dublin | 5.4% | Ireland |
8 | Las Vegas | 5.3% | USA |
9 | Denver | 5.2% | USA |
9 | Miami | 5.2% | USA |
Source: Hurun Research Institute
Related research
Home buying and overseas investment are the top choices for investment that will increase in the next three years
Real estate is the most important investment direction for Chinese high net worth individuals in the future, with 42% of respondents believing that real estate prices will grow steadily in the next two years. Among them, 25% of respondents chose housing as their first investment choice. In addition, 10% of respondents said they may increase investment in stores in the future. Overseas investment is still the second most popular future investment direction for HNWIs. (according to Hurun Research Institute, Chinese Luxury Consumer Survey and Hurun Best of the Best Awards 2019)
Preferred Destinations for Overseas Property Purchases
Los Angeles was the most popular for the fifth year running, while New York and Boston ranked second and third respectively. San Francisco and Seattle ranked fourth.
Preferred Destinations for Overseas Property Purchases | Proportion (change) | |
1 | Los Angeles | 18.7% |
2 | New York | 13.4% |
3 | Boston | 9.4% |
4 | San Francisco | 8.9% |
4 | Seattle | 8.9% |
6 | London | 8.6% |
7 | Vancouver | 5.8% |
8 | Toronto | 3.1% |
8 | Melbourne | 3.1% |
8 | Greece | 3.1% |
11 | New Zealand | 2.9% |
12 | Spain | 2.2% |
13 | Chicago | 1.9% |
13 | Japan | 1.9% |
15 | Sydney | 1.7% |
15 | Singapore | 1.7% |
15 | Italy | 1.7% |
Source: Immigration and the Chinese HNWI 2018, by Visas Consulting Group and Hurun Report
The most popular tourist destination
Japan has steadily risen to become the most popular international tourism destination for China's HNWIs. France, in second place, moved up one spot from last year. The Maldives fell two places to third from first last year. In terms of domestic tourism, Sanya leads the list of "favorite domestic tourism destinations" for the eighth consecutive year.(according to Hurun Research Institute, Chinese Luxury Consumer Survey and Hurun Best of the Best Awards 2019)
The most popular destination for studying abroad
46% of high net worth Chinese want to send their children to study in the United States, followed by 39% who want to send their children to study in the United Kingdom. Australia and Canada ranked third and fourth respectively. (according to Hurun Research Institute, Chinese Luxury Consumer Survey and Hurun Best of the Best Awards 2019)
Preferred Destinations for Immigration
The United States remains the most popular country with a proportion of 79%, followed by Canada and Australia with 25% and 15% respectively.
Preferred Destinations for Immigration | Proportion | |
1 | USA | 79.3% |
2 | Canada | 24.6% |
3 | Australia | 14.8% |
4 | UK | 10.8% |
5 | Ireland | 7.9% |
Source: Immigration and the Chinese HNWI 2018, by Visas Consulting Group and Hurun Report
The most popular overseas financial investment method
Real estate and foreign exchange deposits are the most important overseas financial investment methods for high net worth individuals in the next three years.
Overseas Financial Investment Options | Proportion in Next Three Years | |
1 | Immovable property | 44% |
2 | Foreign exchange deposits | 34% |
3 | Insurance | 26% |
4 | Regular financial products | 25% |
5 | Stocks | 15% |
Source: Immigration and the Chinese HNWI 2018, by Visas Consulting Group and Hurun Report
The purpose of overseas net buyers of high-net-worth individuals is mainly reflected in three aspects: “self-occupied home ownership”, “investment-based home ownership” and “holiday-based home ownership”. Nearly half of the people considering the home ownership area are located in the city center or the Chinese area, and the suburbs or school districts or campuses have also received more than 30% support. (According to Immigration and the Chinese HNWI 2018, by Visas Consulting Group and Hurun Report)
Methodology
Sweetome Hurun Global House Price Index 2019 Half-Year has surveyed 130 cities that are favored by China's high-net-worth people, including 40 cities in mainland China (first- and second-tier cities and some popular tourist cities such as Sanya) and 90 cities outside mainland China, which are popular with China's high-net-worth individuals. Of the 90 cities, 39 are European capitals and major cities, including 8 from the UK and 6 from Germany; 23 in the US; 18 in Asia; 4 in Canada and Australia; and 2 in New Zealand.
* The information in this article is for reference only, investors operate on the basis of risk.
About Sweetome Group
Sweetome Group is a leading sharing accommodation operation and management group in Asia. Sweetome focus on total solution for both short- and long-term rental management services, provides services for house owners, help them improve assets value and satisfy the personalized needs of customers. Sweetome aims to share every idle house to travelers who are eager to find a warm and lovely place during travel.
Since 2011, Sweetome has operated over 54,000 vacation rental houses in more than 280 destinations. Sweetome owns several well-known brands including Sweetome Apartment, Hi Villa, Towo, Tuyuan, Tuli, etc. Since 2018, Sweetome has sped up its international expansion effort with its rental management services being operated in Greece, Australia, Cambodia, America, Canada and Thailand.
About Hurun Report Inc.
Nobody Knows China’s Rich Better!
Established in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading research platform based in Shanghai and Mumbai, best-known for its China and India rich lists, and with 150 employees today. Hurun Report Inc. has four main divisions.
Hurun Research Institute ‘World’s Largest Rich List Provider’
2019 marks the 20th anniversary of Hurun Report, highlighting the fastest wealth creating period in the history of the world.
The Hurun Richest Self-Made Women in the World has been highlighting for over ten years the fact that over 70% of the world’s most successful women in business herald from China, ie Chinese are completely dominant in the world of women in business. This has changed the way the world looks at Chinese women in business.
The Hurun China Philanthropy List ranks the most generous individuals in China and is now in its 15th anniversary. With no inheritance tax, Chinese give much more generously than many have previously understood.
Two recent lists with an impact include the Hurun China Unicorn Index, ranking the most dynamic businesses with a valuation of US$1bn or more in China; and the Hurun Most Successful University Alumni.
In India, Hurun Research has launched the Hurun India Rich List for the seventh time last year, and has an active events business there.
‘World Authority on the Chinese High Net Worth Individual’
Recent research partners include financial institutions (PingAn, Bank of China, Taikang Life, Minsheng, Citic), local government (Shanghai, Changbaishan) and Global 500 multinationals (Marriott, Country Garden, Agile, Audi, Volvo).
Three breakthrough lists this past year: Hurun Good Doctors’ List, a ranking of the 9500 most respected doctors in China, broken down by region and speciality; Hurun Best International Schools List; and Hurun Creative Works Intellectual Property List, in Search of the Harry Potter of China, ranking those online novels with the most valuable IPs.
The Hurun Art List ranks the top artists alive today in China for the 12th year and has become a household name amongst artists.
Media and Events ‘The Hurun brand gets 200 million views a month in China’
The Hurun brand has become one of the few non-Chinese media brands to become a household name across China.
Hurun Media monetizes 1 million views a month in China, through its wechat, weibo, website and legacy magazine.
Recent themed events include blockchain, fintech and 30 under 30, with industry-respected awards. We deliver 100+ events a year in China, with 200 entrepreneurs from the Hurun China Rich List attending.
Hurun Report kicked off the world's largest Chinese New Year dinner series in Shanghai on January 16, and is going to 8 cities across 4 continents. Toronto on Jan 20, New York Jan 23, LA Jan 25, London Jan 28, Istanbul Jan 29, Luxembourg Jan 31 and ending up in Sydney on Feb 18. Hurun Report’s mission is to create the world's largest platform of China gatekeepers.
Investments
Hurun Investments has a portfolio of 20 companies with a market value of US$50 million, with investments into tech, media, design, education as well as a vintage car race and a tailor.
The number "20" is integrated into the Chinese character ‘谊’ pronounced 'yi', meaning 'friendship', symbolizing how building friendships is at the core of how Hurun Report does business with its partners.
For further information, see www.hurun.net
Download:
Press Release-Hurun Global House Price Index 2019 Half-Year 20190828.docx
