Residential sales above $10 million in the 12 cities covered by the Knight Frank Global Super-Prime Intelligence Report totalled 422 in Q2 2023. 

This number was 11 percent below the 475 recorded in Q1 of this year and 13 percent below the 483 sales seen in Q2 2022.

Higher interest rates have impacted all levels of the global housing market, and the luxury segment has not escaped this. That said, sales i...