Dubai is at the forefront.. 25 cities with the highest increase in residential real estate prices

Aug 16th
The real estate agency, Knight Frank, said that Dubai topped the list of its expectations for price increases for the year 2023, which included 25 cities around the world. Where price growth is expected to reach 13.5%.

She noted that annual price growth at a more sustainable rate.

In the 25 cities it tracks, the agency now expects an average 2% rise in luxury real estate prices in 2023; Down from the 2.7% expected six months ago.

Despite this slowdown, overall growth in 2023 will still be higher than that recorded in six of the past ten years across housing markets in this category.

Fifteen of the 25 cities (60%) still expect luxury home prices to rise in 2023, down from the 18 cities (72%) mentioned six months ago.

In addition to the agency’s global research team making forecasts for residential real estate prices for 2023, it also took a look at what was right and wrong in 2022.

With regard to expectations for the remainder of the current year, the arrangement is as follows:

1- Dubai

2- Miami

3- Dublin – Lisbon – Los Angeles – Madrid – Paris – Singapore

4- Zurich

5- Monaco – Mumbai – Shanghai

6- New York – Tokyo

7- Vienna

8- Auckland – Berlin – Geneva – Sydney

9- Melbourne

10- Hong Kong

11- Edinburgh – Vancouver

12- London – Seoul