The Knight Frank Prime Global Cities Index for Q3 2024 shows a slowdown in luxury residential price growth, with an annual increase of 2.9%, well below the 10-year average of 4.6%. While recent rate cuts have supported the market, further adjustments may be needed to sustain price growth. Among the 44 cities tracked, 29 show an annual increase, with Manila leading (+29.2%) and Dubai (+16.9%) shifting toward more stable growth.
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