The world’s hottest luxury real estate market might surprise you

When one thinks of the top cities for luxury real estate, places such as London, New York and Monaco come to mind. But now add Auckland to that list.

The largest city in New Zealand is the hottest luxury real estate market in the world, according to a new report from Christie’s International Real Estate, posting a 63% growth rate in million-dollar listings over the past year, thanks largely to the booming Pacific Rim economy.

Auckland has a lot going for it. With a mild climate and easy access to beaches and mountains, the city of 1.4 million people is consistently ranked high in surveys of the most liveable places in the world.

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