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Luxury property prices increased 1.9 percent worldwide in 2020

In the Corona year 2020, the global prices for luxury real estate did not fall, but rose even faster than expected. With a plus of 1.9, the prices “because of and not despite the pandemic” rose more sharply than in the previous year, according to a broadcast from Otto Immobilien. The figures come from the new Wealth Report from Knight Frank, Otto Immobilien’s international partner, which annually compiles the prices for luxury real estate in one hundred locations around the world in an index.

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