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Worldwide luxury housing market nosedives

Posted on 07 May 2013

A senior figure has predicted a return to luxury home price growth this year despite a mini-crash around the globe in the first three months of this year. Property consultants Knight Frank found that the average price of prime residential units fell by 0.4 per cent in the first quarter of 2013.
Tokyo, Paris and New York all saw 10 per cent falls in luxury home values between the end of December 2012 and the end of March 2013………………………………………..Full Article: Source


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