Global consultancy firm Knight Frank forecasted how the world’s top-tier luxury real-estate markets will perform in 2020.
Paris will be the world’s hottest luxury housing market in 2020, with prices expected to grow by 7%, according to the report .
High-end real-estate in the French capital is booming thanks tolow interest rates, economic stability, and a limited supply of prime properties.
Berlin and Miami are also expected to see strong price growth.
Cities like New York City , Vancouver , Dubai , and London , on the other hand, are expected to see a decline in prime property prices.
Political instability in Hong Kong , ongoing Brexit negotiations , and trade tensions between the US and China made 2019 an uncertain year for luxury real estate around the world, according to global real-estate consultancy firm Knight Frank .
In its recent Prime Global Forecast 2020 report , Knight Frank looked ahead to how the world’s top prime housing markets will perform in the next year.
Paris is expected to have the world’s strongest luxury real-estate market in 2020, thanks to low interest rates, economic stability, and a limited inventory of high-end properties, according to the report.
Berlin and Miami are also forecasted to have strong years. Cities like New York , Dubai , and London , on the other hand, are expected to see prices go down.
Source: PulseNG
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