Not even the super wealthy are immune to a slowing real estate market.
A total of 362 homes sold for more than $10 million across 12 global markets between July and September, down 2.4% from the same period last year, according to real estate company Knight Frank.
In London, 51 so-called super-prime homes sold in the third quarter, down from 63 last year. In Singapore, there were 13 ultra-luxury sales, down from 34. New York also saw a drop.
Dubai, meanwhile, bucked the slowdown with 89 sales over $10 million, an increase from 58 in the third quarter of 2022. Geneva and Hong Kong also posted increases.
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