Dubai leads global super-prime sales bounce, as £10mn+ deals falter in London
International super-prime property market activity 'slowed noticeably' last year, says Knight Frank - but things perked up again at the start of 2023. 'Super-prime residential property has retained its attraction for wealthy buyers despite huge economic headwinds,' says research head Liam Bailey.
'The theme of 2023 is adaptability', concludes Luxury Portfolio International after polling a cross-section of the world's wealthiest home-buyers.
Knight Frank looks at the differential between the average prime property price and the top price achieved in ten global cities over the last five years
Activity may have plunged, but global super-prime property markets "outperformed expectations" under lockdown, reports Knight Frank, with 153 sales going through above $10m since March.
Companies in this articleKnight Frank
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Far fewer deals are taking place in prime London than at this time last year.