| The Knight Frank Prime Global Cities Index records first quarterly fall since 2009. The value of prime property in the world’s key cities fell by 0.4% in the first quarter of 2012. This represents the index’s first quarterly fall since the depths of the global recession.
Although a milestone, the index’s negative quarterly growth is not surprising. Quarterly price growth has been below 2% since Q1 2010 and it averaged only 0.6% in 2011...............................................Full Article: Source
|