The real estate market has become one of the most attractive investment assets in recent years. It 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 the consultancy firm Knight Frank, the price of luxury properties in the capital of this emirate facing the Persian Gulf rose by 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 posted the highest increase, 6.6%, followed by Sao Paulo, 5.1%, and Rio de Janeiro, 2.2%. Buenos Aires, meanwhile, recorded a 9.8% decrease.