The 15 luxury real-estate markets around the world that are growing the fastest

Image credit: Katie Warren/Business Insider

 

Global real-estate consultancy Knight Frank just released the latest edition of its Prime Global Cities Index, which tracks luxury residential real-estate markets around the world, with data current as of the close of the third quarter of 2019.

Moscow, Russia, takes the top spot as the fastest-growing luxury real-estate market in the world, showing an 11.1% jump in prime property prices over the past year and a 1.3% bump in the past three months alone. Following in second is Frankfurt, Germany, which reported a 10.3% jump in prime prices over the past year, though it had no change within the past three months.

Keep reading to find out the 15 fastest-growing luxury real estate markets in the world, arranged in order of increasingly large growth.

 

15. Beijing, China

12-month change: Increased 3.3%
3-month change: Decreased 1.2%

 

14. Tokyo, Japan

12-month change: Increased 3.3%
3-month change: Increased 2.5%

 

13. Edinburgh, Scotland

12-month change: Increased 3.4%
3-month change: Increased 0.9%

 

12. Jakarta, Indonesia

12-month change: Increased 4.1%
3-month change: n/a

 

11. Paris, France

12-month change: Increased 4.2%
3-month change: Increased 1.9%

 

10. Madrid, Spain

12-month change: Increased 4.2%
3-month change: Increased 1.0%

 

9. Delhi, India

12-month change: Increased 4.4%
3-month change: n/a

 

8. Zurich, Switzerland

12-month change: Increased 4.5%
3-month change: Increased 0.8%

 

7. Geneva, Switzerland

12-month change: Increased 5.6%
3-month change: Increased 0.2%

 

6. Guangzhou, China

12-month change: Increased 6.2%
3-month change: Increased 1.8%

 

5. Berlin, Germany

12-month change: Increased 6.5%
3-month change: n/a

 

4. Manila, Philippines

12-month change: Increased 7.4%
3-month change: Increased 3.0%

 

3. Taipei, Taiwan

12-month change: Increased 8.9%
3-month change: Increased 1.4%

 

2. Frankfurt, Germany

12-month change: Increased 10.3%
3-month change: n/a

 

1. Moscow, Russia

12-month change: Increased 11.1%
3-month change: Increased 1.3%

 

 

This article was originally published in Business Insider:
https://www.businessinsider.com/fastest-growing-luxury-real-estate-markets-around-the-world-2019-11