The 9 fastest-growing luxury housing markets in the world

Knight Frank has released its Prime Global Cities Index for the third quarter of 2016.

It shows that, despite an average 3.8% annual growth rate across the 37 cities it tracks, the increase in prime property values slid compared with the last quarter in many cities.

Prime property refers to top 5% of the wider market in each city.

That is due to a variety of factors, including extra property taxes, general elections, and moves to close down tax loopholes for foreign buyers.

Take a look at the cities that made the top of the list, ranked by 12-month percentage growth in prime property values: