Luxury living: Berlin and Frankfurt with highest price increases worldwide
According to Knight Frank, the global rise in prices for luxury real estate slowed significantly to 1.3% in 2018 – the weakest annual growth rate since Q4 2009, when the financial crisis raged. Two years ago the inflation rate was 4.3%. Bucking the trend, the most important European cities are continuing to experience above-average development, above all Berlin (+14%) and Frankfurt (+10%) in first and third place respectively. They, like Edinburgh and Paris (ranked 5th and 6th with 8% each), were characterized by the key attributes of a high demand for rental apartments, a limited supply of new housing and relative affordability. European markets occupy a total of seven spots in the top ten. The index tracks development in 45 cities worldwide.
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