Australia, New Zealand Luxury Homes on Top With 11% Gain: Chart

Luxury home prices in Australia and New Zealand jumped 11 percent last year to be the best-performing region in the world, Knight Frank’s Prime International Residential Index showed. Asia ranked second in high-end housing gains as individual wealth rose. Meanwhile, Russia and the Middle East posted declines in prime home values, joining three other regions that went backward.

Watch Next: Why Australia's Property Market Is Booming

    Before it's here, it's on the Bloomberg Terminal. LEARN MORE