In June prices of luxury property in 32 cities researched by Knight Frank have increased by 5% yoy, according to ee24.com. The leaders are American megacities, whereas in Europe there are both growing and falling markets.
Rating is headed by Jakarta (+27.3%). Luxury property in Dublin has risen by 23.5%, which allows the capital of Ireland to take second place. Remaining cities in top 5 are located in the US: New York, Los Angeles and Miami.
Other European cities with growing prices are London (9th place, +8.1%), Madrid (16th, +4.3%), Vienna (18th, +3.8%), Monaco (20th, +2.9%). Luxury property in Rome has not changed in value.
Among the 32 cities ranking there are only five that showed a negative growth of prices, among them there are three representatives of Europe: Zurich (-0.3%), Paris (-2.5%) and Geneva (-4.3%).