Real estate market
Written by: Zhang Weilun
2019-12-11 19:35
Last updated: 2019-12-11 19:35Knight Frank released its "Global Luxury Home Forecast 2020" report, pointing out that market sentiment is sluggish, and some buyers may be on the sidelines, expecting luxury home sales and demand to decline, and expect the prices of luxury and super luxury homes in Hong Kong to fall slightly next year.
The report also expects that luxury property prices in Paris will record a 7% increase next year, the largest increase in the global luxury market, driven by factors such as local economic stability, low interest rates, tight supply and strong tenant demand.
Knight Frank also expects luxury home prices in Berlin, Germany, and Miami, the United States, to record 5% increases. Among them, Berlin luxury homes are driven by strong demand and regional activation; Miami luxury home prices have risen, and local tax deductions are related.
The report also expects luxury home prices in Madrid, Singapore and Melbourne to record a 3% increase.
睇 Mid-level mansion in the western part of the Qing Dynasty overlooking Victoria Harbour, Chinatown "University Pavilion" for rent for 88,000
Jianou Tai Po luxury home for sale and resale "Hongshan" starting price of 14,800 yuan per square foot
Knight Frank