Paris luxury-home prices rose the most in the world in the 12 months through March as buyers from emerging markets competed for a limited number of properties

Paris luxury-home prices rose the most in the world in the 12 months through March as buyers from emerging markets competed for a limited number of properties, Knight Frank LLP said.Values of houses and apartments costing more than 2 million euros ($2.9 million) increased 22 percent in the French capital, Mark Harvey, a senior negotiator for the London-based property broker, said in an interview. Hong Kong was second with a 15 percent rise and Helsinki third with 12 percent. Shanghai and Beijing completed the top five.Buyers from the group of Brazil, Russia, India and China “are increasingly looking to Paris as a safe haven to invest funds in a mature and high-performing market,” Liam Bailey, head of residential research, said in a statement. “Like London, supply is hindered by a paucity of...

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