China’s real estate is on fire: luxury homes in Shanghai, Shenzhen and Guangzhou are gaining value faster than anywhere in the world – while prices dip in New York, London and Dubai

• Luxury homes are gaining value at the fastest rate since 2017 and Asia is leading the charge, with Shanghai, Guangzhou and Seoul all in the world’s top five
• Meanwhile high-end homes in New York, Paris, Dubai, London and Hong Kong all lost value, according to Knight Frank’s quarterly track of 46 key global cities