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Where Luxury Housing Will Become More Luxurious in 2022

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The cost of luxury properties will increase at a moderate pace next year.

The experts of the international consulting company Knight Frank have studied the world market and identified the cities in which luxury housing will become more expensive at the fastest pace in 2022.

Details

  • Florida's low tax regime, Miami's competitive prices and the attractiveness of coastal living during the crisis have increased demand. According to Miller Samuel, 35 homes have been sold in Palm Beach County alone since the start of the pandemic with a total worth of more than $30 million, 20 homes were sold for more than $40 million, and 2 for a total value of more than $100 million. In the US, wealth has increased due to a sharp increase in the value of real estate and stocks. The total net worth of households increased by $24.8 trillion or 21% during the pandemic, according to Oxford Economics. Knight Frank predicts real estate in Miami will rise in price by 10% next year.
  • Sydney ranks second with a forecast of 9% growth in luxury housing prices in 2022. Open borders, the comeback of investors, and the growing appetite among local buyers for secondary housing will lead to a rise in real estate prices.
  • Los Angeles ranks third. Record low inventory levels, strong demand for large family homes, and continued availability of low mortgage rates are expected to lead to the growth of about 8% in 2022.
  • Auckland and London (both 7% each) round out the top five largest markets in the forecast for 2022. For Auckland, 7% represents a marked slowdown as the government takes steps to curb the speculative activity. For London, this will be the highest growth rate in the city in the past eight years. The end of the blockages, the resumption of travel, the cancellation of stamp duty leave, the absence of political upheaval due to Brexit will lead to the normalization of market conditions. In addition, prices are noticeably lower for buyers who pay in euros and US dollars, taking into account the weakened pound after the referendum in June 2016.
  • In Hong Kong, a moderate price increase of 5% is expected in 2022. The economic downturn in mainland China is a deterrent, but luxury housing prices remain at record high levels, and an influx of buyers from mainland China is expected as soon as the border reopens.
  • In Singapore, price growth is expected to accelerate and reach 5% in 2022. A limited range of large luxury homes in the Central Region, combined with a reduction in pent-up demand after the rules of international travel are simplified, will lead to an increase in sales and prices.
  • After London, Geneva will become the leader in Europe with a forecast price growth of 6% in 2022. Switzerland is likely to attract a new group of wealthy buyers who will pay attention not only to tax benefits but also to the privacy and lifestyle that the country provides.
  • The estimated price increases for Madrid and Paris of 6% and 4% will represent the highest annual rates of each city from 2018 and 2019.

In general, the growth of prices for luxury real estate in 2022 will be moderate. Luxury real estate has risen in price by an average of 1% in 2020, prices are expected to rise by 9% by the end of 2021, and then by 7% in 2022. 

Check out prices for elite real estate:
Flat for 1 436 411 euro in Miami, USA
1 436 411 €
Flat in Miami, USA
140 sq.m 3 2 3
Credit
Residential complex "Monad Terrace" - Installments until 2021 - The object is under construction - Different layouts are available If you have any questions about this property or about the real estate market in general, please contact us! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami. I...
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Villa for 1 000 000 euro in San Remo, Italy
1 000 000 €
Villa in San Remo, Italy
217 sq.m 6 3 3
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City: Sanremo Streetagnan Sqm: 217 (cadastral area) Floors: 4 levels Year of construction: 2011 Heating: self-heating Monthly expenses: there are no condominium charges Type: Villa with land View: panoramic view of the sea Outside spaces: porches and 3 terraces Exposure: east / south / west Garden: yes, 3000 sqm Swimming...
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Villa for 2 498 962 euro in Istanbul, Turkey
2 498 962 €
Villa in Istanbul, Turkey
171 sq.m 5 4
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Villa for 2 300 000 euro in Genova, Italy
2 300 000 €
Villa in Genova, Italy
500 sq.m 5 4 3
Villa for sale in 1900 near the sea. The villa is fully restored, the total area of the villa is 500 m2. The building has an elevator and individual heating, air conditioning system. Spacious swimming pool. Garage of 100 m2 and a guest house. The rest of the information is in our office or by mail. Subscribe to our YouTube channel:...
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Apartment for 7 514 992 euro in London, United Kingdom
7 514 992 €
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208 sq.m 4
The 208 m2 apartment is located in one of the most prestigious and famous historical districts of the city and offers stunning panoramic views of the city and the river. The apartment includes a living room, 4 bedrooms, 4 bathrooms and a spacious terrace. Residents of the complex can use the services of a concierge service, on the territory of...
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Flat for 1 595 000 euro in Estepona, Spain
1 595 000 €
Flat in Estepona, Spain
224 sq.m 4 3 3
Residence Credit from 2%
Front apartment on the New Golden Mile of the coast in a prestigious residence on the first line of the sea within walking distance to the center of Estepona and 15 minutes by car to Puerto Banus. At the service of apartment owners: -entrance and entry through the security post -spa center with indoor pool, fitness center, sauna. Two...
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Villa for 9 346 510 euro in Miami, USA
9 346 510 €
Villa in Miami, USA
700 sq.m 7 6 8
Credit
Hello! If you have any questions about this property or about the real estate market in general, please contact us! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami and south Florida. Dmitry Baranov Real estate Broker in Miami +1.305.302.9776 USA,, +7.905.231.8833 Russia
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Villa for 2 695 000 euro in Paphos, Cyprus
2 695 000 €
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300 sq.m 4 4
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This striking Super Luxury Villa is currently being built and has an approximate completion date of 12 to 18 months to completion. The villa is currently being built on a large prime plot on the first line with an area of more than 1750 m2 in a stunning location on the eastern plateau of this 5-star resort. The villa, when completed, will have 4...
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Villa for 1 346 881 euro in Dubai, UAE
1 346 881 €
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464 sq.m 8 6 7
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Arabian Ranches is a lush green resort located in an excellent central location, away from the rushing city noise. On the territory of a private gated residential complex, Arabian Ranches is strategically located a few minutes' drive from Dubai's shopping, commercial and educational centers. Escape to this coveted oasis, thought out taking into...
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Villa for 1 047 300 euro in Paphos, Cyprus
1 047 300 €
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212 sq.m 4 3
This is a unique four bedroom villa in Cyprus for sale next to a 5-star beach hotel and close to a plethora of Paphos’ most popular attractions and amenities, such as the Paphos tourist area, harbour and the Kings Avenue Mall. The villa offers spacious interiors and a private swimming pool in a large plot. The four bedroom Villa's superior...
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Apartment for 1 229 804 euro in Miami, USA
1 229 804 €
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130 sq.m 3 2 3
Online Viewing Remote Transaction Credit
Hello! If you have any questions about this property or about the real estate market in general, please contact us! I will be happy to help with the purchase of residential or commercial real estate in Miami. Dmitry Baranov Real estate Broker in Miami +1-305-302-9776 (all messengers)
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Villa for 2 800 000 euro in Mougins, France
2 800 000 €
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309 sq.m 4
The 308 sq. m villa is located in the heart of one of the most beautiful private properties in Mougins. The villa has recently been renovated. The villa includes two wings. The right wing consists of a two-level living room with a fireplace, several dining areas and an equipped open-plan kitchen. There are views of the garden and pool from...
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Penthouse for 9 181 142 euro in United Arab Emirates
9 181 142 €
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911 sq.m 5 5 7
Are you the kind of investor that values the design, location, and finishing of your new home?Love to own a premium residence that will surely upgrade your lifestyle?Then this penthouse in Downtown Dubai is absolutely fitted to all your requirements. Call now to get more information about this property.Boulevard Crescent residents are within...
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Villa for 6 800 000 euro in Marbella, Spain
6 800 000 €
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1131 sq.m 8 7 8
Residence Online Viewing Credit
A unique luxury villa with a southern setting and an unsurpassed hilltop location in the most prestigious area of the Golden Mile, a gated community in Marbella. The project was designed by the modern architectural firm Villarroel Torrico with the idea of enjoying views of the Mediterranean Sea and the Sierra Blanca from any room of the house....
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Apartment for 1 050 000 euro in Limassol, Cyprus
1 050 000 €
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152 sq.m 2 2
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The 11-storey building accommodates 28 apartments of different sizes, each of which is carefully planned to ensure large dimensions and maximum privacy. On the top floor there are two penthouses with three bedrooms, private pools and lush roof gardens. Each apartment promises uninterrupted views of the coast thanks to deep balconies that provide...
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Apartment for 2 350 000 euro in Marbella, Spain
2 350 000 €
Apartment in Marbella, Spain
374 sq.m 4 4
Ultra Luxury 4 bedroom duplex apartment in the heart of Marbella Golden Mile. The apartment boasts bright modern interiors leading effortlessly onto the expansive terrace, overlooking the manicured gardens and immaculate views. The first level consists of 3 custom designed bedrooms, each with their own en-suite bathroom, while the lower level...
LV EXCLUSIVE PRIME ESTATES SL
Villa for 1 200 000 euro on Hvar, Croatia
1 200 000 €
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850 sq.m 11 9 8
This villa is positioned in a peaceful location in the city center. It is surrounded by olive grove. The villa is arranged over three floors. There are 2-room apartment and gym in the ground floor. First floor includes four bedrooms with en suite bathrooms and terraces. A big 3-room apartment with two terraces is on the second floor. The house...
Immobilium et mobilium d.o.o.
Villa for 3 750 000 euro in Barcelona, Spain
3 750 000 €
Villa in Barcelona, Spain
657 sq.m 8 7 7
Residence
AN OASIS OF LIGHT, A WATERFALL OF FEELINGS. Castelldefels MONTEMAR ALTO minimalism and clean lines on a plot of 1100m2, there is a brand new villa, comfortable and cozy inside, opposite the sea with panoramic views, located on 3 floors plus ground floor. Usable area approx. 657 m2 Total area approx. 730 m2 Land plot approx. 1100 m2...
EuropaHome
Flat for 2 785 000 euro in Limassol, Cyprus
2 785 000 €
Flat in Limassol, Cyprus
199 sq.m 4 3 2
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For sale Apartment of 199rs in Limassol. The apartment is situated on the 7th floor. It consists of 3 bedrooms, living room with kitchen, one bathroom, one shower WC, one WC, one storeroom. Flat has interior layout. There are solar panels for water heating, air conditioning and heating. Building has a lift. There is an alarm system installed....
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Villa for 4 270 270 euro in Thailand
4 270 270 €
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428 sq.m 4 4
MontAzure is a unique resort and residential complex located on a hillside 100 meters from the pristine Kamala Beach. Several low-rise buildings located around two large swimming pools offer stunning views of the picturesque gardens and rainforest. The project has 75 residences, of which 56 are one-bedroom and 19 are two-bedroom and with the...
Indreams Phuket

Source: Knight Frank

Photo: The Lazy Artist Gallery, Pexels

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