| Based on a new report by London-based real estate consultancy firm Knight Frank, prime properties in the world's global cities were considered 'safe haven' investments by savvy minded investors for the past three years. Against a backdrop of sovereign debt concerns and geo-political uncertainty wealthy investors sought the stability of luxury property in key cities such as London, Moscow and Hong Kong.
Now new signs are emerging that luxury property prices around the world are collectively softening for the first time since the global recession hit in 2008/09. Fears concerning unresolved sovereign debt issues both in the eurozone and US look to be having an impact on buyer confidence...............................................Full Article: Source
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