Knight Frank – Global Super-Prime Intelligence, 3Q 2024

Knight Frank’s "Global Super-Prime Intelligence" report for the third quarter of 2024 provides a comprehensive analysis of the super-prime property market across key global cities. This report examines the performance of luxury real estate markets in cities such as London, New York, Hong Kong, and Dubai, focusing on properties in the highest value bracket. It explores trends in demand, sales volumes, and pricing, as well as factors influencing the market, such as geopolitical conditions, economic uncertainty, and changes in the wealth distribution of high-net-worth individuals. The report also delves into the preferences of ultra-wealthy buyers, including a growing interest in sustainability, privacy, and bespoke services. Knight Frank highlights key market drivers such as global mobility, the rise of new wealth centers, and the impact of foreign investment in prime locations. The report provides valuable insights into the future trajectory of the super-prime market and its resilience amid fluctuating economic and political conditions.