Prime Global Cities Index, Q2 2017

The key highlights are:

  • The index saw growth of 4.4% in the year to June 2017.
  • Guangzhou leads the city rankings with luxury prices up 35.6% in the 12 months to June 2017.
  • European cities such as Madrid, Berlin, and Paris have risen up the rankings in the last year.
  • Quarterly figures for Toronto suggest the new foreign buyer tax is having an effect on luxury price growth.
  • Although prime London prices declined 6.3% over the 12-month period, prices fell at their slowest quarterly rate since early 2016.

Read more here: Knight Frank: Prime Global Cities Index, Q2 2017