Luxury Real Estate Report

Luxury Defined 2016 examines data from our affiliates in more than 100 prestige real estate markets worldwide and sets global benchmarks by ranking the top 10 cities for luxury property (Luxury Index) as well as the top 10 performing markets (Luxury Thermometer). Markets are grouped into two categories throughout the report: primary markets—cities and suburban housing markets where properties are generally primary residences, and resort markets—secondhome and lifestyle destinations with populations of less than 500,000. The world of prime property is defined throughout the report at US $1 million and above, though in some markets the starting point for luxury is much higher, as this section illustrates.

NOTE: All prices in this report are presented in US dollars, with average exchange rates calculated during the period of the report (2). This report covers the period from January 1, 2015 to December 31, 2015. In addition some data references 2016 where noted.

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