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Cities with the Most Expensive Luxury Real Estate

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In the second quarter of 2022, prices for premium housing in 45 cities rose by an average of 7.5% year on year.

Knight Frank has published the Prime Global Cities Index report for the second quarter of 2022.

Prime Global Cities Index tracks changes in prices for premium housing (5% of the market) in 45 cities. Prices are not adjusted to inflation.

Numbers. In the second quarter of 2022, prices for premium housing in 45 cities rose by an average of 7.5% year-on-year. For comparison, in the first quarter, annual growth was 10%. In six cities, there was a decrease in prices – a similar indicator as a quarter year earlier.

TOP 10 cities in the world for premium housing price growth (second quarter of 2021 – second quarter of 2022):

  1. Dubai, UAE +64.8%
  2. Miami, USA +37.3%
  3. Los Angeles, USA +23.4%
  4. San Francisco, USA +22.2%
  5. Seoul, South Korea +20.9%
  6. Gold Coast, Australia +15.4%
  7. Toronto, Canada +13.8%
  8. Berlin, Germany +12.6%
  9. Edinburgh, Scotland +11.2%
  10. Dublin, Ireland +10.2%

Outsiders. Year-on-year price declines were recorded in Manila (-0.1%), Kuala Lumpur (-0.5%), Jakarta (-2%), Guangzhou (-2.1%), Frankfurt (-5.1%) and Wellington (-8.1%).

Source: Knight Frank 
Photo: Ярослав Алексеенко 

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