This is where the Ultra-Rich are buying their homes

Where are the world’s ultra rich buying their luxury homes?

A recent whitepaper from Christie’s International Real Estate ranked the luxury markets around the world and not surprisingly, Sydney ranked in the top 10.

In fact it ranked number 6 again – it’s been in a simialr position for a few years now.

In the aftermath of Brexit, Christie’s noted that sales in London of $1 million+ primary homes declined by -35% in 2016.

For the first time ever, Hong Kong leads as the world’s top ranking city for luxury real estate:

Source: Christies

About Michael Yardney

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au