It is a fact that the large cities like London, NYC and Hong Kong seem to resist the
housing-market cycles, on account of a handful of financial jobs along with the self-fulfilling belief that they rendered the financiers a safe place.
Reports indicate in Manhattan, the median condo price went down below $1 million for the first time in the span of three years.
Hong Kong home values suffered its longest losing game since 2008, and simultaneously prices in the outer ring of the London neighborhoods went down for the first time since 2011. Sydney homeowners are trying to come in terms with the worst real estate slump since the 1980s.