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Real Estate

As Rest of Real Estate Market Slides, One Area Is Doing Just Fine

Hint: You have to be a billionaire.

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Photographer: Andrew Thomas/Moment RM

A new report by real estate agency Knight Frank finds that 153 properties in six cities’ “ultra-prime” category sold for a combined total of $6.6 billion in the last year, or an average of $43 million per house.

Hong Kong led the world in sales over $25 million, followed by New York, then London.