New York Remains the World's Top Super-Luxury Property Market

New York retained its title as the world's top super-luxury housing market last year—though it had to share the laurels with London, according to the latest index from Knight Frank.

Both cities registered 43 sales of $25 million or more. In London, that marked a 26% increase from 2021; while New York's figure was down 35% from the prior year.

"Despite rising economic headwinds and growing uncertainty, the world's wealthy have been committing to luxury residential property, with London and New York the standout cities in demand for ultra-prime sales," Liam Bailey, global head of research at Knight Frank, said in the report released Wednesday.

:eq(3)" in-at4units-after="#mg-article-wrap > :eq(3)" in-at8units-after="#mg-article-wrap > :eq(3)" in-at12units-after="#mg-article-wrap > :eq(3)" in-at16units-after="#mg-article-wrap > :eq(3)">

Claiming the third spot was Los Angeles, with 39 sales priced at $25 million or above. It was followed by Hong Kong, with 28 ultra-prime sales, even during a tumultuous year for its housing market; and Miami, with 23.

#Luxury #LuxuryLifeStyle #LuxuryEstate #RealEstate #NewYork #NY