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According to a report by Knight Frank, Paris could be the fastest growing real estate market in 2018. New York, Miami and London have dominated the rankings for a decade, but with an expected growth of 9% in luxury home prices in Paris, 2018 is the year of the City of Lights.
Fang Block writes at Mansion Global:
Paris is expected to lead the global prime residential market in 2018, outshining decade-long best performers, such as London, New York and Miami, according to a Knight Frank report out Wednesday.
Benefiting from the improved economic and political outlook in the Eurozone, luxury home prices in the French capital are likely to grow 9% next year, according to Knight Frank’s annual global prime residential forecast.
Hong Kong, Berlin and Sydney have a three-way tie for second place, with an estimated price growth of 7% per annum. Singapore and Madrid have an equal standing at fifth place with annual price growth of 5%.
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