Prime Property Prices Most of All Increased In Paris
Source: http://www.knightfrank.com
#luxury #house #france #paris #economy #realestate
According to Knight Frank company research, luxury house prices in Paris rose by 22.2 percent in the year to march 2011. Prime property in Paris recorded the strongest price growth of all the cities monitored within the Knight Frank Prime Global Cities Index. This increase is driven primarily by supply constraints and growing interest from overseas buyers.
As mentioned in research, overall, the cities recorded an average annual price growth of 6.6% compared to 12.7% a year earlier.
A year ago there was a clear continental divide when it came to the performance of the world's prime property markets. Asian cities occupied the top rankings for price inflation while Europe and the US trailed far behind. A year on and the global picture is less clear cut.
According to research, the second place is Hong Kong by 15 percent and the third is Helsinki by 12.2 percent. First five places are concluded Shanghai and Beijing respectively by 11 and by 10 percent increase. In London and in Singapore luxury house prices increased by 8.6 percent.
Moscow's prime residential market recorded the weakest performance, with prices declining by 8 percent. However, the rate of decline is slowing, with 0.7 percent recorded in the last quarter.
As mentioned in research, overall, the cities recorded an average annual price growth of 6.6% compared to 12.7% a year earlier.
A year ago there was a clear continental divide when it came to the performance of the world's prime property markets. Asian cities occupied the top rankings for price inflation while Europe and the US trailed far behind. A year on and the global picture is less clear cut.
According to research, the second place is Hong Kong by 15 percent and the third is Helsinki by 12.2 percent. First five places are concluded Shanghai and Beijing respectively by 11 and by 10 percent increase. In London and in Singapore luxury house prices increased by 8.6 percent.
Moscow's prime residential market recorded the weakest performance, with prices declining by 8 percent. However, the rate of decline is slowing, with 0.7 percent recorded in the last quarter.
