In recent years, the real estate market has become one of the most attractive investment assets. This is a global phenomenon. Within this market, when we talk about the luxury residential property segment, in which city do you think prices rose the most last year?

ANSWER

Dubai. According to consulting firm Knight Frank, the price of luxury properties in the capital of this emirate on the Persian Gulf rose 44% in 2022. It was followed by Riyadh, the capital of Saudi Arabia; Aspen, Tokyo, and Miami. Of the four Latin American cities considered in the study, Mexico City recorded the largest increase, 6.6%, followed by Sao Paulo, 5.1%, and Rio de Janeiro, 2.2%. Buenos Aires, meanwhile, recorded a decrease of 9.8%.