Manila beats Boston, Paris, Tokyo as world’s hottest luxury home market

Manila is the hottest luxury home market in the world, beating out the likes of Boston, Tokyo and Paris, property consultancy Knight Frank said.

Luxury prices shot up 11 per cent in 2018, as the capital city of the Philippines got a boost from a robust economy, shortage of luxury homes and increased appetite for them by wealthy foreigners living there.

The ranking of 100 cities is based solely on how much their luxury home prices increased last year.

Read more: Yahoo Philippines