Knight Frank just released the 16th edition of its Wealth Report along with the disclaimer that, with everything going on in Ukraine right now, this outlook is of “little relative importance” and kind of doesn’t matter in the grand scheme of things. In any event, it includes the latest edition of their Prime International Residential Index (PIRI 100), which looks at the annual % change in luxury residential prices around the world. The chart is interactive, but I screenshotted (above) the top risers and fallers.
Toronto is 4th in the Americas and 7th globally with a 20.3% year-over-year increase.
Miami is also no surprise and came in 4th globally.
The top three cities were Dubai, Moscow, and San Diego.
Thankfully though, the number two city is in serious jeopardy right now and I suspect that its position will look quite different next year.
Money will go where it feels safe and secure.
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
