Real Estate Special Report

World's hottest luxury housing markets

Miami

top luxury housing markets miami
  • Price rise: 12.2%
  • Country: United States

Money flowing from Latin America is giving Miami's prime market a nice boost.

Knight Frank's Kate Everett-Allen said wealthy buyers from politically volatile countries such as Venezuela are driving demand for real estate.

Related: $65 million will buy you Miami's most expensive home

Domestic interest is also healthy as young, cashed-up professionals from the East coast snap up holiday homes in growing numbers.

First published May 20, 2015: 9:21 AM ET
The Knight Frank Prime Global Cities Index compares the performance of prime residential prices across key global cities. Prime property corresponds to the top 5% of the wider housing market in each city. Price rises relate to the percentage change from March 2014 - March 2015.

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