The 2023 BARNES City Index ranking resembles an alliance of contrasts, between Paris, the intangible benchmark of the European market, followed by three American cities with contrasting profiles (Miami, New York and Austin), with Dubai bringing up the rear, whose economic dynamism continues to surprise.
1. Paris — The City of Light: a safe bet more than ever
While the high-end real estate market had for decades focused on certain western and central arrondissements of Paris, it now extends to all 20 arrondissements. A true revolution. Kept afloat by a brand image that seems immune to crises, the Paris market is soaring to ever greater heights when it comes to truly exceptional properties. The symbolic threshold of €40,000/m² has been crossed several times since 2020 by BARNES.
2. Miami — The Florida model comes into its own
Miami has managed to prove the relevance of its model, combining white sandy beaches with frenzied economic activity. Beyond the sun and beaches, the city has successfully repositioned itself as a major financial and technology hub, attracting an increasingly international and diverse clientele.
3. New York — An extraordinary capacity for recovery
New York has demonstrated its extraordinary capacity for recovery after a disastrous handling of the pandemic. The city remains one of the world's leading destinations for institutional investors and wealthy families, thanks to its unparalleled cultural, educational and financial infrastructure.
4. Austin — The Texan capital: the new Silicon Valley
Austin, the Texan capital, has in a few years established itself as a top destination for digital entrepreneurs. The attraction of advantageous Texas taxation, combined with the growing presence of tech giants and an enviable quality of life, makes it a particularly dynamic real estate market.
5. Dubai — The Eldorado of the new economy
The gap seems immense with Dubai, which closes this Global TOP 5. Yet the capital of the emirate of the same name today stands as an Eldorado for investors in luxury, tech and healthcare. In barely two decades, Dubai has gone from being a destination to invest in to one to actually live in! Its zero taxation, safety, international accessibility and sophisticated lifestyle make it an increasingly sought-after destination for UHNWI.