_Prime global cities: Measuring risk in 2018

Gauging risk is always a challenge across real estate markets where even the smallest of changes to policy can blow markets off course. We asked the teams to provide their assessment of the key risks to their prime residential markets in 2018.

In recent years, we have seen that domestic economic performance has proved the critical issue for international property markets. It remains the overriding driver of demand and pricing - although tax, currency, capital controls and interest rates are also highly influential. 

The raft of changes to tax policy including restrictions on overseas buyers in some markets, explains why this year our research teams deem the biggest risk to their markets overall to be any change to property market regulations.

London, Vancouver, Toronto, New Zealand, Australia and China have all seen their property tax landscape shift in the last two to three years.

Read more in our series of 2018 Prime Residential City Forecasts

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