Citi and Knight Frank have released their Wealth Report for 2010, and it points toward massive gains for some markets in terms of luxury real estate.
Seriously, the price growth in some cities will blow your mind (think Asia).
Of course, overall, 2009 was not a great year for high-end real estate, as the US continues to weaken, and Europe turns gray.
But looking at high-end real estate is very telling in terms of what it says about where the upper class is growing.
Check out the 12 cities where luxury real estate is booming >
Bangkok: Prices up 4.6% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Bangkok Condos
Sao Paulo: Prices up 5.6% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Holprop.com
Washington D.C.: Prices up 5.6% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Everymaydc.com
London: Prices up 6.1% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Haute Residence
Rio De Janeiro: Prices up 10% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Rio Exclusive
Mumbai: Prices up 11% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Mumbai.olx.in
Jakarta: Prices up 14% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: The Ascott
Singapore: Prices up 17% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Luxury Property
Johannesburg: Prices up 17% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Top Places
Hong Kong: Prices up 40.5% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Luxury Portfolio
Beijing: Prices up 47% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Style Blog
Shanghai: Prices up 52% in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Spacehk.cn
And now…
Image: www.findaproperty.com
The 12 cities where luxury real estate is plunging >
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