| For years, the super-prime property market has appeared to defy gravity. In some places, such as central London, the boom continues almost unabated, while elsewhere, notably in Paris, there are signs that political activity can slow the rise.
According to the latest figures from Christie's International Real Estate, for properties over $1 million, London costs more per square foot ($4,849) than any other city in the world. It is not simply a matter of scarcity, either; with 7,741 properties over $1 million listed at the end of September 2012 it has more inventory than any other luxury location. Only the Côte d'Azur comes close to that number. It is around twice the figure for New York, Paris or Hong Kong...............................................Full Article: Source
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