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Global luxury real estate prices climbed 3.1% on average last year, according to the 2024 Knight Frank Wealth Report. This year, 22% of ultra-wealthy individuals — those with $30 million in investable assets, including primary residence — plan to invest in real estate.

According to the report, 80 of the 100 markets that Knight Frank tracks on its Prime International Residential Index recorded flat or positive annual price growth in 2023.

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