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According to the annual Christie’s International Real Estate Index, which aggregates local market metrics measuring market record sale price, average price per square foot for luxury homes, number of sales over $1 million and percentage of listings over $1 million, London is the most luxurious property market in the world.

The world’s 10 top most luxurious property markets*;

1) London
2) Hong Kong
3) New York
4) Los Angeles
5) Singapore
6) Sydney
7) Miami
8) San Francisco
9) Paris
10) Toronto

*Luxury Index rankings are based on data for the period January 1, 2015 to December 31, 2015.

With more prime property listings than any other city, as well as the world’s second most expensive residential sale in 2015 ($141 million / £92 million), London retains its position as the most luxurious property market worldwide. In spite of slower growth due to new taxes on prime property purchases, the city continues to attract strong domestic and international buyer demand. London has topped the Luxury Index for four years running.

Source: Christie’s International Real Estate