Global Super-Prime Intelligence – Q4 2025

Knight Frank’s Global Super-Prime Intelligence report provides a quarterly snapshot of $10m+ residential sales conditions across 12 key international markets.

Key findings:

• Across our 12 markets, we recorded 555 US$10 million plus sales in Q4, up 17% quarter on quarter, totalling US$10.3 billion (+20% QoQ).

• The average deal size edged up to US$18.6 million as activity rose strongly QoQ in Dubai, Hong Kong, Sydney and Miami.

• Dubai reasserted its dominance, first for both deal count (143) and value (US$2.5bn) in Q4, reflecting robust end year momentum (+39% QoQ by count; +27% by value). Hong Kong moved into second by quarterly deal count (81) and value (US$1.57bn), extending its two quarter revival (+45% QoQ by count; +51% by value). New York and Los Angeles followed with 57 and 63 sales respectively (values US$1.13bn and US$1.10bn), both softer than Q3.

• On annual performance (12 months to Q4 2025), Dubai set a new record year with 500 sales, just over three times London’s tally, underlining its structural lead. New York rebounded from its 2023 low to 326 annual sales, Hong Kong continued to climb, and London fell to fifth place with 161, down from first place as recently as 2022.

Liam Bailey, Global Head of Research at Knight Frank, commented: “Two stories stood out this quarter. First, Dubai’s record year capped a powerful multi year run of wealth inflows and super-prime new build delivery. Second, London’s fall to seventh place in Q4 underscores how tax reform has weighed on trading in the super prime market.”

Discover more by delving into our latest report below.

Global House Price Index Q3 2025 Report

Knight Frank’s Global House Price Index provides a quarterly snapshot of trends in mainstream housing markets across 55 markets.

Key findings:

• House price growth across global markets accelerated in the third quarter of 2025. The weighted average annual price increase among our basket of 55 housing markets rose to 2.4%, up from 2.2% in Q2.
• Monetary policy is providing a tailwind: through Q3 2025, central banks delivered zero rate hikes and 27 net cuts ( 6 in July, 9 in August, 12 in September), extending the easing phase that began earlier in the year.
• Despite firmer nominal outcomes, global real house price growth remains slightly negative at 0.1% year on year in Q3 2025. In several markets, inflation continues to erode purchasing power, leaving affordability stretched even as policy rates trend lower.

Liam Bailey, global head of research at Knight Frank, commented: “Nominal growth has edged higher again as central banks pivot towards cuts, but real gains are still hard won. To see firmer growth into 2026, policymakers will need to maintain an easing while inflation continues to retreat.”

Discover more by delving into our latest Global House Price Index report below.

Singapore Residential Report – Q4 2025

Published quarterly, this report provides an in-depth look at the performance of Singapore’s residential market, examining prices and trends in the mainstream, prime and project sectors.

Discover more by delving into our latest report below.

Singapore Prime Non-Landed and Landed Residential Report H2 2025

As interest rates ease, the prime high-rise and the landed markets registered increased activity. With prices of new high-rise luxury homes command a premium that is typically more than double that of resale transactions. As such, discerning buyers can find more affordable opportunities for completed luxury homes in the prime areas with good value.

In the landed market, sellers continued to be sticky with asking prices. Nevertheless, the lowered interest rate environment improved affordability among buyers and motivated both buyers and sellers to a transaction decision that resulted in a pickup in transactions.

Discover more by delving into our latest report below.

Prime Global Cities Index – Q3 2025

Knight Frank’s Prime Global Cities Index tracks the performance of luxury residential prices across key global cities on a quarterly basis using data compiled by our global research network.

Key findings:

• Average annual house price growth across our 46-city basket slowed to 2.5% in the third quarter of 2025, down from 3.0% in Q2.

• 61% proportion of the cities tracked saw positive house price growth over the past 12 months.

• Dubai registered a five-year growth of 198%.

• Tokyo is the city with the fastest rate of annual growth in Q2.

Liam Bailey, Global Head of Research at Knight Frank, commented: “Prime house price growth has cooled to its slowest pace in two years, as a slowing pace of global rate cuts keeps a lid on performance across global cities. But with rates set to fall further in 2026, the groundwork for a rebound is building.”

Discover more by delving into our latest report below.

Global Super-Prime Intelligence – Q3 2025

Knight Frank’s Global Super-Prime Intelligence report provides a quarterly snapshot of $10m+ residential sales conditions across 12 key international markets.

Key findings:

• Global super-prime activity eased in Q3 2025, as a thinner pipeline moderated deal flow following a strong Q2.
• Across the key 12 key markets, we tracked 474 US$10 million-plus transactions, down 21% quarter-on-quarter, with an aggregate sales value of US$8.5 billion (-29% QoQ)
• The average sale price settled at US$18 million, down from US$20million in Q2.
• Dubai retained its global lead by both deal count and value, while New York and Los Angeles remained the next largest markets despite slower activity.

Liam Bailey, Global Head of Research at Knight Frank, commented: “Quarterly volatility is a feature, not a bug, of the super-prime segment. Q3’s slower print follows a surge in Q2 and reflects politics (New York), taxes (London), and limited stock (Dubai) conspiring to weigh on activity. Despite this, the 12-month totals remain robust and are surpassed only by the post-Covid surge in 2021, pointing to long-term resilience.”

Discover more by delving into our latest report below.

Alpine Property Report – 2026

Welcome to our Alpine Hub!

We’ve brought together all our insights, expert tips, and advice from the Alpine Property Report (formerly known as the Ski Property Report) into one easy-to-navigate space. Our hub is your go-to resource for the latest updates, market insights, and seasonal highlights to keep you informed year-round. Whether you’re exploring investment returns on ski rental properties or seeking the best locations for year-round cultural and sporting events, we have you covered.

The Alpine Property Market: Latest Insights & Trends

Knight Frank’s Alpine Property Report evaluates current market trends in Europe’s top alpine destinations, highlighting both property conditions and the growing appeal of these locations for year-round living.

Discover the latest Alpine Property Report — the definitive guide to Europe’s premier alpine destinations.

Singapore Residential Report – Q3 2025

Published quarterly, this report provides an in-depth look at the performance of Singapore’s residential market, examining prices and trends in the mainstream, prime and project sectors.

With private home price movement in 2025 at 3.1% between January to September, the overall growth for the year is likely to fall at the higher end of the 3% to 5% projected range. Although the recent launches in the CCR injected the prime areas with renewed activity, prices in the CCR have not risen as briskly when compared to the RCR and OCR.

With a narrowing price gap between the prime locations versus the rest of the island, value opportunities could emerge for the observant homebuyer. And this includes options for capital preservation and legacy transfer, especially when a substantial proportion of the completed freehold inventory is in the CCR.

Discover more by delving into our latest report below.

Prime Global Rental Index Q2 2025 Report

Knight Frank’s Global Super-Prime Intelligence report provides a unique quarterly snapshot of US$10 million+ residential sales conditions across 12 key international markets.

• Super-prime residential transactions (US$10 million+) across our 12 major city markets totalled 590 deals in Q2 2025 – up 19% on Q2 2024 – pushing quarterly aggregate sales values to US$11.8 billion.

Liam Bailey, global head of research at Knight Frank, commented: “The global super-prime market continues to surprise on the upside. Dubai holds its lead, but New York’s resurgence and strong rebounds in Los Angeles and Hong Kong highlight the depth and diversity of demand. Looking ahead, while investors will need to navigate a more complex macroeconomic environment we expect momentum to be sustained.”

Discover more by delving into our latest report below.

European Lifestyle Report 2025

The European Lifestyle Report analyses the shifting motivations, behaviours and property preferences of high-net-worth individuals (HNWIs) relocating to, or within, Europe.

Key findings:

• Wealth migration accelerates: Tax regime shake-ups, rising geopolitical tension and a changing visa landscape are encouraging global HNWIs to migrate, with Europe emerging as the preferred destination thanks to its political stability, lifestyle and good governance.
• Urban revival: Cities such as Madrid, Lisbon and Milan are experiencing renewed demand, with nearly half of relocators favouring urban living for its anonymity, culture and convenience.
• Tax and visa matter: 59% of HNWIs say tax rules influence their location decisions, with income and property tax ranking highest. Half are considering a European visa, with the Golden Visa the most appealing option, especially for millennials.
• Lifestyle mobility: ‘Try-before-you-buy’ renting, mid-life relocations for education and lifestyle and remote working are shaping mobility trends. Connectivity and digital infrastructure are now decisive factors for many wealthy households.

Kate Everett-Allen, Head of European Residential Research, commented: “The wealthy always had options – but never have they exercised them with such urgency and volume. Debate rages as to the exact number that are voting with their feet, but we know the global tally of high-net-worth individuals (HNWIs) making a move across borders will exceed six figures this year. What we’re witnessing is more than just a demographic shift. It’s a reflection of a fundamental reshaping of the global wealth landscape – driven by geopolitical friction, a recalibration of tax regimes and a new era of heightened mobility.”

Discover more by delving into the report below.