While cities like New York, London and Paris still make the list of some of the world’s hottest luxury real estate markets, sales have cooled somewhat. This makes room for other international cities to emerge on the list of markets boasting spiked values in luxury homes.
The trend we seem to be experiencing is the hike in sales of homes over the $1 million mark is attributed to the increasing number of high net worth people – those with over $1 million in finances. In addition, cities with a strong tech foothold are seeing increasing home prices. For these individuals, real estate investments offer a hedge for their wealth, and these 5 cities seem to fit the bill.