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Paris luxury homes rise fastest as buyers chase tight supply

Posted on 06 June 2011

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……………………………………….Full Article: Source


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