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Paris will have the hottest luxury housing market in 2020, according to Knight Frank.
- 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 to low 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.
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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.
Here's how the world's top luxury housing markets are expected to fare in 2020, ranked in ascending order by expected price growth.