Luxury homes in some of the world’s top cities saw a slowdown in price growth in the last quarter as new taxes, elections, referendums and economic jitters took hold.
Tagged – ‘prime house prices’
Despite stellar performances by four cities the overall narrative is one of more moderate growth.
Luxury residential markets face a diverse range of challenges and opportunities in 2015, but now that stimulus measures have all but disappeared in the US and the UK, all eyes are on Europe and Japan and the extent to which they could halt the tentative global recovery.
The average sale price in prime central London between June and August 2014 was £4.7 million, up from £3.7 million in the preceding three-month period.
In July, demand for new-build residential properties was the key driver of Hong Kong’s residential market.
Prime country house prices in England rose by 1.1% in the second quarter of 2014, taking the annual increase in prices to 5.2% over the year to June.
Property prices in Edinburgh rose by 1% in the second quarter of the year after a 1.3% increase the previous quarter.
Despite Rublevka’s reputation as the most expensive residential area in Moscow, Knight Frank’s research suggests that some suburban areas within the city are even more expensive.
With growth of 1% quarter-on-quarter, prime residential prices in Dubai saw relatively weak growth in the first three months of this year.
The prime country market began to pick up in 2013 and prices have been rising now for five consecutive quarters.