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The 9 fastest-growing luxury housing markets in the world

Thomas Colson   

The 9 fastest-growing luxury housing markets in the world
Finance1 min read

Knight Frank has released its Prime Global Cities Index for the third quarter of 2016.

It shows that, despite an average 3.8% annual growth rate across the 37 cities it tracks, the increase in prime property values slid compared with the last quarter in many cities.

Prime property refers to top 5% of the wider market in each city.

That is due to a variety of factors, including extra property taxes, general elections, and moves to close down tax loopholes for foreign buyers.

Take a look at the cities that made the top of the list, ranked by 12-month percentage growth in prime property values:

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