World's Top 10 Luxury Housing Markets. Mumbai Ranks...
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Mumbai is among the world's top 10 cities for luxury homes, according to Knight Frank's The Wealth Report 2024.
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Here is the list of top 10 luxury real estate markets
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Philippine capital Manila tops the list of 100 markets, with a 26.3% hike in 2023
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Dubai is second with a 15.9% increase in price.
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Bahamas ranks third with a 15% jump in prices
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Next is the picturesque Algarve region in Portugal, with a 12.3% hike
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South Africa's capital Cape Town is at no 5 with a 12.3% surge in prices
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Athens, the Greece capital, places sixth with a 12% hike in prices
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Party destination Ibiza ranks 7th with an average annual price growth at 12%
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Mumbai comes in at no 8, improving its rank significantly since 2022, when it was 37th
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Shanghai is number 9, with 8.6% annual rise in prices
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Mustique, a Caribbean resort island home to the rich and famous, is at no 10
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Apart from Mumbai, Delhi and Bengaluru also rank on the list, at 37 and 59
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