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