THE LUXURY RESIDENTIAL MARKETS around the world experienced slowed growth in 2018 compared to the prior year, as evidenced by the Knight Frank Wealth Report. The value of luxuryvproperties grew at a rate of 1.3 percent in 2018 — the index’s lowest rate of annual growth in eight years — compared with 2.1 percent the year prior. The top 10 markets with the highest annual increases featured a mix of Asian, European, South American and North American countries. Manila, the capital of the Philippines, topped the list with an 11.1 percent increase.
LUXURY RESIDENTIAL PRICES IN TOP WORLD CITIES, PER SQUARE FOOT
PRIME INTERNATIONAL RESIDENTIAL INDEX GROWTH MARKETS
|Rank||Location||World Region||Annual % Increase|
|4 (tie)||Buenos Aires||South America||10.0%|
|6||Mexico City||Central America||9.5%|
|10||San Francisco||North America||7.8%|