2025年第四季度全球超级Prime智能

Knight Frank’s Global Super-Prime Intelligence report providesa unique quarterly snapshot of US$10 million+ residential salesconditions across 12 key international markets. Tax weighs on London while Dubai Global super‑prime activity accelerated in Q4 2025, acrossour 12 key markets, we tracked 555 US$10 million‑plustransactions, up 17% quarter‑on‑quarter, with an aggregatesales value of US$10.3 billion (+20% QoQ). The average sale 555US$10m+ deals across 12 cities in Q4 2025(+17% QoQ) US$10.3bnin total quarterly sales value (+20% QoQ) was steady to softer (32;‑11% QoQ) aftera strong mid‑year performance. Thebig story was London sliding again on aquarterly basis, ranking seventh by dealcount in Q4 (35 sales) with Sydney, Miamiand Singapore all ahead, as debate overUK wealth and property taxation weighedon sentiment; aggregate value in Londonwas broadly flat at US$724m (+2% QoQ) Across our 12 markets, we recorded 555US$10 million‑plus sales in Q4, totallingUS$10.3 billion. The average deal sizeedged up to US$18.6 million as activityrose strongly QoQ in Dubai, Hong Kong,Sydney and Miami. On a 12‑month view,sales volumes eased slightly from the Dubainumber one for sales (143) and value(US$2.5bn) in Q4; record 500 sales on a CITY LEADERSDubai reasserted its dominance, first for both deal count (143) and value(US$2.5bn) in Q4, reflecting robustend‑year momentum (+39% QoQ bycount; +27% by value). Hong Kong movedinto second by quarterly deal count(81) and value (US$1.57bn), extendingits two‑quarter revival (+45% QoQ bycount; +51% by value). New York and THE LONG‑VIEWOn annual performance (12 months to Q4 2025), Dubai set a new record year with500 sales, just over three times London’stally, underlining its structural lead. NewYork rebounded from its 2023 low to 326annual sales, Hong Kong continued toclimb, and London fell to fifth place with161, down from first place as recently as2022. The annual figures also confirmeasing in Miami (145, from 162) and PalmBeach (127, from 159) versus 2024, while “Two stories stood out this quarter.First, Dubai’s record year cappeda powerful multi‑year run ofwealth inflows and super‑primenew‑build delivery. Second,London’s fall to seventh place in Sydney posted one of the quarter’sstrongest rebounds (52 sales; +58% QoQ),mirroring broader Australian housing Liam Bailey, Global Head of Research at Knight Frank Global Super-Prime IntelligenceData Digest – 2025 Q4 edition Keep up to speed with global property markets withour range of dedicated sector newsletters We like questions, if you’ve got one about our research, or would like some property advice,we would love to hear from you. Press enquiriesAstrid Recaldin+44 20 7861 1182 Research enquiriesLiam Bailey +44 7919 303 148