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Value Of Luxury Houses In London Up 8% While Prices Plunge In Other Cities

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A drop in luxury home prices across Europe saw the global market for prime property stall at the start of 2013, but London continues to race ahead with growth of 8% in high-end house values.

The average price of luxury homes in the world's key cities fell by 0.4% in the first quarter, with European destinations proving the least attractive to wealthy investors, data from property consultants Knight Frank suggests. The drop followed growth of 1.7% in the final quarter of 2012.

European cities took seven of the 10 worst slots in Knight Frank's quarterly index, which is based on the top 5% of the mainstream housing market in each place. They included Paris, Zurich, Madrid and Rome. London, however, managed an 8.1% annual luxury home price rise, placing it 12th in the list of 29 cities.

Great news if your rich and want to protect your wealth?

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There must be a limited number of buyers for such things! Bubble I say! :huh:

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  • 239 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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