10 most expensive cities in the world to buy luxury properties
Knight Frank's 2017 Prime Global Citizen Index report lists the most expensive cities to buy luxury properties from 41 global cities. It also takes you through the rate of increase in prices in a 3-month, 6-month, and 12-month period. The Prime Global Citizen Index saw a growth of 4.4% in the year-ended June 2017. Mumbai is at number 24 position on the list, with luxury property prices growing at the rate of 0.8% in year-ended June 2
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Madrid: Third largest city in the European Union (EU), Madrid saw its luxury property prices go up by 10.7% in the year-ended June 2017. The Knight Frank report noted: "Cities such as Madrid (10.7%), Berlin (9.7%), Paris (8.8%), and to a degree Dublin (3.8%) have seen a marked increase in their annual rate of growth compared with a year ago (figure 3). Whilst safe haven flows, Brexit and a recognition of these cities’ comparative affordability may in part be responsible so too is the recent delivery of higher
grade stock in these markets.