Worldwide luxury market


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

RankLocationWorld RegionAnnual % Increase
1ManilaAsia11.1%
2EdinburghEurope10.6%
3BerlinEurope10.5%
4 (tie)MunichEurope10.0%
4 (tie)Buenos AiresSouth America10.0%
6Mexico CityCentral America9.5%
7SingaporeAsia9.1%
8BostonNorth America8.6%
9MadridEurope8.1%
10San FranciscoNorth America7.8%
Source: Knight Frank Wealth Report released in 2019

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