Similar trends occurred in other North American cities: Toronto’s home prices rose 48%, while rents climbed a modest 8.3%, and Vancouver saw a 39.7% jump in property values compared to 21.9% rent growth.

These disparities underscore how ownership demand in North America—fueled by migration, investment, and limited supply—has far outpaced rental market fundamentals.

New York City was an outlier, with declines in both home and rent prices of 4.9% and 7.7% respectively.

Europe’s Home and Rent Price Changes Vary

Europe’s housing performance was varied, with Madrid being an outlier with significant increases especially in rent prices.

Madrid saw home prices rise by 42.4%, while rents surged 48%, the steepest rental increase among all major global cities. This reflects Spain’s booming short-term rental sector and tourism rebound.

In contrast, London’s property and rent prices have fallen 10.5% since 2015, potentially reflecting Brexit’s lingering effects and the significant millionaire exodus the country faces.

Milan was another city which saw declines in both metrics, with a 4.9% and 3% fall in property and rental prices.

Meanwhile, Zurich and Munich both saw double-digit home price increases of 42.4% and 30.5%, with rent gains also in the double digits at 23.1% and 18.4%, respectively.

Información extraída de: https://www.visualcapitalist.com/charted-home-and-rent-price-changes-in-global-cities-2015-2025/