Vancouver topped the list for the fifth consecutive quarter, with prices of high-end homes surging by 36.4 percent. Other top performers in the second quarter include Shanghai (22.5 percent), Cape Town (16.1 percent), Toronto (12.6 percent), Melbourne (11 percent) and Sydney (10.2 percent) – all of which saw annual price growth reach double figures. Also in the top ten are Tokyo, Guangzhou and Seoul.
Meanwhile, Hong Kong has eclipsed Taipei to take the title of weakest-performing residential market. This comes as prime prices there dropped by eight percent in the year to June as supply increased and concerns over the slowdown in the local economy persisted.