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The Best And Worst Places In The World To Own Luxury Properties

August 21st 2019

By Forbes

Berlin is the city with the highest growth for prices of luxury real estate in the world, new data shows.

The German capital has recorded the strongest price growth rate globally, with a 12% increase year-on-year.

It is the second year in a row that Berlin has beaten other prestigious cities such as Moscow, Geneva and Paris.

In total, six European cities featured in the index’s top ten: Berlin (1), Frankfurt (2), Geneva (5), Madrid (6), Paris (7) and Zurich (8).

Moscow, classed in the Russia and CIS region, ranked third with a 9.5% growth, while Vancouver was the weakest market with a 13.6% dip, followed by Istanbul (-9.9%).

With prime prices in Berlin and Frankfurt—currently around €11,500 per square meter and €13,500 per square meter respectively—the two German cities represent a competitive offer.

Some 78% of cities in the index saw a price increase over the last 12 months, with a whopping 26.3% difference between the strongest (Berlin) and weakest (Vancouver) performing city.