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World’s top cities are truly globalised property markets says Knight Frank

Posted on 07 June 2011

Luxury house prices in Paris have mushroomed by 22% in the past year, rivaling the performance of Asian cities, says a new report out this week from the Knight Frank Index which tracks the performance of prime real estate in 15 cities across Europe, Asia and America. The world’s luxury property markets are being driven by an increasingly globalised approach to overseas property says Knight Frank.
Prime property in Paris recorded the strongest price growth of all the cities monitored within the Knight Frank Prime Global Cities Index: its prices rose by 22.2% in the year to March 2011, driven primarily by supply constraints and growing interest from overseas buyers……………………………………..Full Article: Source


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