Seoul is the Fastest Rising Luxury Market 💰

Key Takeaways

• Prime real estate in Seoul soared 18.4% in 2024, making it the fastest growing market across 100 cities analyzed by Knight Frank.
• Asia and the Middle East were home to the greatest price increases amid rising affluence and rapidly growing economies.
• Dubai had the highest five-year growth at 147%, followed by Palm Beach (117%) and Manila (87%).

Luxury Property in Seoul is Booming

Despite political turbulence, Seoul witnessed robust demand in its luxury property market driven by local wealth creation and a bump in property development.

In 2024, Manila saw a 17.9% price surge, backed by strong economic growth.

In the U.S., Orange County led in price growth at 9.3%, surpassing Aspen’s 8.9% increase.