Istanbul and Dublin showed the highest growth in prices for luxury property

The cost of elite residential real estate in the world soared in 2014 by 2%, according to the Prime International Residential Index by Knight Frank. Unlike some American (New York, Aspen) and Asian mega-cities (Bali, Abu Dhabi), many European cities were limited to minor changes. Cities that stand out from the list in 2014 were Istanbul (+15%, the third place in the world top 20) and Dublin (+13.4%, 7th place), ee24.com informs.

Besides Istanbul and Dublin, among the leaders in Europe are Amsterdam (10%), Berlin (9%), Verbier and Munich (8%), Frankfurt (7.5%), Madrid and London (both 5.1%) and Ibiza (5%).

The worst situation with prices in 2014 was in the cities and regions of Italy as Milan (-12%), Cortina d'Ampezzo (-10%), Sardinia (-8%) and Umbria (-7%). The decline was also recorded in several regions of France (Dordogne -6%, Courchevel 1850 -5.4%) and Switzerland (Zurich -8%, Lausanne -5%, etc.).

The main photo: panorama of Istanbul


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