Post by account_disabled on Mar 12, 2024 1:25:38 GMT -5
The price of luxury housing varies greatly from one city to another. This is demonstrated by a new edition of the 'Prime International Residential Index' by Knight Frank , with the analysis of how many 'prime' square meters can be bought with a million dollars in a study of 20 cities. Monaco (17 m2), Hong Kong (21 m2) and New York (33 m2) share the podium of the most expensive cities in the world, while Sao Paulo (231 m2), Cape Town (218 m2), and also Madrid ( 106 m2), are one of the five cities where spaces over 100 square meters are reached.
If you are one of those looking for luxury investment or you are simply gossiping about how the luxury residential market is doing globally, here you can find an interesting analysis of the value of 'prime' housing in the first quarter 2023 edition of the PIRI index from the real estate consultancy Knight Frank, with 2022 closing price data.
As in previous reports, Knight Frank offers the Cambodia Telegram Number Data square meters that can be purchased with a budget of one million dollars in 20 large cities around the world to measure the level of luxury housing in these markets.
And for one more edition, Monaco maintains the title as the most expensive residential market in the world . However, the strength of the dollar in 2022, due to the economic crisis following the war in Ukraine, has rewarded the US dollar buyer with two additional square meters compared to a year ago. You can now buy up to 17 m2 in the Principality in the south of France.
Hong Kong follows with the possibility of acquiring 21 m2, while New York (33 m2) has managed to surpass London and Singapore (both with 34 m2) , again due to the strength of the dollar, although barely surpassing them by one square meter.
Five other capitals are still below 50 m2 'prime'. They are destinations as varied as Geneva (37 m2), Los Angeles (39 m2), Paris (42 m2), Sydney and Shanghai (both with 44 m2).
The largest growth in prime prices over the last year was recorded in Dubai (44%), but its values are rising from a lower price base and up to 105 m2 of luxury housing can now be purchased. Along with the city of the emirate, Madrid (106 m2) and Bombay (113 m2) exceed 100 square meters , while in Cape Town (218 m2) or São Paulo (231 m2) they exceed 200 square meters, of which most “affordable” among this select club of luxury homes for a million dollars.
If you are one of those looking for luxury investment or you are simply gossiping about how the luxury residential market is doing globally, here you can find an interesting analysis of the value of 'prime' housing in the first quarter 2023 edition of the PIRI index from the real estate consultancy Knight Frank, with 2022 closing price data.
As in previous reports, Knight Frank offers the Cambodia Telegram Number Data square meters that can be purchased with a budget of one million dollars in 20 large cities around the world to measure the level of luxury housing in these markets.
And for one more edition, Monaco maintains the title as the most expensive residential market in the world . However, the strength of the dollar in 2022, due to the economic crisis following the war in Ukraine, has rewarded the US dollar buyer with two additional square meters compared to a year ago. You can now buy up to 17 m2 in the Principality in the south of France.
Hong Kong follows with the possibility of acquiring 21 m2, while New York (33 m2) has managed to surpass London and Singapore (both with 34 m2) , again due to the strength of the dollar, although barely surpassing them by one square meter.
Five other capitals are still below 50 m2 'prime'. They are destinations as varied as Geneva (37 m2), Los Angeles (39 m2), Paris (42 m2), Sydney and Shanghai (both with 44 m2).
The largest growth in prime prices over the last year was recorded in Dubai (44%), but its values are rising from a lower price base and up to 105 m2 of luxury housing can now be purchased. Along with the city of the emirate, Madrid (106 m2) and Bombay (113 m2) exceed 100 square meters , while in Cape Town (218 m2) or São Paulo (231 m2) they exceed 200 square meters, of which most “affordable” among this select club of luxury homes for a million dollars.