Where Data Tells the Story
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Across nearly all of the 20 luxury property markets analyzed by Knight Frank, buying power has decreased since 2014.
In Dubai, for instance, a $1 million dollar property in 2020 is worth $2.7 million today. Meanwhile, in Miami, it would be worth $1.9 million.
On the other hand, buying power has jumped significantly in London due to a falling pound against the dollar and a property market correction. Over the last decade, it has increased by 43%, the biggest jump overall.
See the data tab for measurements in square meters.