The luxury residential markets around the world grew at a faster pace in 2017 compared to the prior year, a report from brokerage firm Knight Frank revealed. The study found that the value of luxury properties grew at a rate of 2.1 percent in 2017, compared with 1.4 percent in 2016. The Knight Frank Wealth Report tracks 100 high-end markets worldwide in its Prime International Residential Index. The top 10 markets with the highest annual increases all experienced double-digit growth during 2017, but Guangzhou in China topped the list with an increase of more than 27 percent. Although several regions in the world appear on the list, Europe, represented by Amsterdam, Frankfurt, Paris and Madrid, had the strongest showing.
PRIME INTERNATIONAL RESIDENTIAL INDEX GROWTH MARKETS
|Rank||Location||World Region||Annual % Increase|
Source: Knight Frank Wealth Report released in 2018