Monaco, Geneva, and Singapore have emerged as the most active markets for super prime property sales, according to recent research by Jefferies London. The study, which analysed 17 global hotspots, found that Monaco leads with 56.7% of homes listed at £3 million or more. Geneva follows with 40.7%, whilst Singapore reports 21.2% of its listings at this prime price point.
The research highlights the ongoing demand for high-value properties in these cities, despite a turbulent global economic landscape. Other notable markets include Los Angeles and New York, with 10.2% and 7.5% of listings, respectively, meeting the £3 million threshold. London, a traditional hub for prime properties, ranks seventh, with 5.6% of its listings priced at £3 million or more.
Damien Jefferies, founder of Jefferies London, remarked, “The global economic landscape may be turbulent at best, but we continue to see real estate at the very top tiers of the global market change hands.” He emphasised the timeless appeal of these markets, noting that whilst values may fluctuate, their allure remains strong for exclusive buyers.
The findings underscore the significance of these cities as focal points for both domestic and international buyers, driven by their status as financial and cultural centres. As market dynamics evolve, these prime property hotspots are expected to maintain their prominence in the global real estate landscape.
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