This European city leaps in luxury real estate

One might think that Paris, a prestigious city, attracts ultra-rich because of its image of an elitist showcase and its high prices. However, this is not quite the case. According to the barometer established by Barnes City Index 2025Paris loses a place in the ranking of the most attractive cities for the ultra-rich, now being in the sixth position, despite the beneficial effect of the 2024 Olympic Games. The Light City is preceded by Monaco, which occupies fourth place, and even Dubai, which we would imagine in the lead, ranks second! But then, what city has first place?

THE Barnes City Index is a classification established by Barnes, a luxury real estate agency specializing in the sale of high -end properties. This classification lists the cities most sought after by people holding at least $ 30 million in net assets. This index is based on three criteria to establish its famous list: “emotional, practical and financial“. The best placed cities hold”advantageous taxation, quality infrastructure and a refined lifestyle“, Besides the president of Barnes, Thibault de Saint Vincent.

This year, the city that makes the rich dream is … Madrid. However, the Spanish city was fourth in the ranking of last year. It is therefore a hell of a comeback for the capital! Many elements appeal to wealthy people who wish to settle there. Madrid districts particularly attract rich foreign buyers. This is particularly the case for areas such as Salamanca and Chamberí which offer luxury apartments, high -end shops and a calm and refined atmosphere.

This strong demand, which has increased by 20 % since 2016, is also accompanied by an increase in prices of 11 to 20 %. The rise of Madrid, both for residence and for investment, is supported by an increasing international population. And its dynamic real estate market is strengthening its status as a destination of choice for luxury goods.