Monaco, London and St. Petersburg in the lead in terms of growth in prices for luxury housing

Monaco, London and St. Petersburg in the lead in terms of growth in prices for luxury housing

International agency Knight Frank has published a report Prime Global Cities Index on its website, which noted the rise in prices of luxury properties from July to September 2013 by an average of 1.2 %, according to ee24.com.

In September 2013 the cost of real estate was 6.6% higher than a year earlier. Hardest prices rose in Jakarta - by 27.2%, and in Dubai - by 21.8%. Among European countries, the highest rate of growth of prices for luxury estate is in London, where prices rose by 7%, St. Petersburg (6.6%), Monaco (3.2%) and Moscow (1%).

Decline in prices observed in cities such as Zurich  (-2.1%), Geneva (-2.8%), Paris (-4%) and Rome (-7.7%). It is interesting that in the previous year decline in prices was noted in 11 European cities.

Dynamics of prices for luxury housing (September 2012 - September 2013)

City

Dynamics of prices

London 7%
St. Petersburg 6.6%
Monaco 3.2%
Moscow 1%
Vienna 0%
Zurich -2.1%
Geneva -2.8%
Paris -4%
Rome -7.7%