By Real Capital Analytics on August 13th, 2020
Eight of the 18 indices in the Global Cities Composite Index posted decreasing prices over the last quarter and of those cities, five posted declining returns over the year, as seen in the latest RCA CPPI Global Cities report. The Global Cities Composite Index slowed in the second quarter to 1.4% year-over-year as the effects of the global pandemic brought real estate transactions to a halt.
Price growth in both the North American Cities Composite and EMEA Cities Composite Indices were up 4.3% annually. The Asia Pacific Composite Index slowed to a 4.2% decline over the last year, as both Hong Kong and Singapore posted decreasing prices on the year.
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