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Top 10 luxury real estate markets in the world

(chinadaily.com.cn) Updated: 2015-06-08 06:39

Residential real estate is a tale of two markets - luxury and everything else.

According to Christie's International Real Estate: "The world's top cities experienced an explosion in luxury home sales during 2013, fueled by pent-up demand, increasing consumer confidence and robust stock market returns. In 2014 however, prime property sales in these markets settled into a stable growth pattern that seems relatively tepid".

Based on sales prices, average cost per square foot and number of sales, the luxury real estate arm of Christie's - the fine art auction house - listed the world's top 10 luxury real estate markets in its recent "Luxury Defined" 2015 report.

No 10 Toronto, Canada

Top 10 luxury real estate markets in the world

Mean Girls' mansion can now be bought at $12 million in Toronto, Canada. [Photo / IC]

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