Relative Values: How much luxury property does $1mn buy around the world?

Knight Frank's Prime International Residential Index posted its biggest ever year in 2021, with luxury property prices around the world rising by an average of 8.4%.

Knight Frank is predicting continued price rises for international luxury property markets in 2022 - although the pace of growth is likely to be significantly lower than 2021's extraordinary performance.

Half of the locations tracked by Knight Frank's Global House Price Index have seen double-digit property price inflation in the last year - but growth rates in some of the punchiest world markets now…