Paris Named Top Global Prime Residential Market for 2020, Berlin and Miami Close Behind

Knight Frank | December 06, 2019

Paris Named Top Global Prime Residential Market for 2020, Berlin and Miami Close Behind
According to a new report by global real estate consultant Knight Frank, with capital growth in most prime residential markets around the world shrinking in 2019, the global economic landscape looks markedly different from that a year ago. In 2018, economists predicted 'the new normal' - that of higher interest rates and more expensive debt - yet it failed to materialize. Instead, Knight Frank has seen interest rate cuts globally in the last year, with quantitative easing (QE), once an extraordinary measure, now back on the agenda in the US and the Eurozone. With interest rates remaining lower for longer, property's attraction has been reinforced. Yet, at the prime end of the market, particularly in the world's top tier cities, sales volumes largely drifted lower during 2019.

Spotlight

In 1955, Edina, Minnesota housewife and mother of three Emma Rovick borrowed $2,000 and bought a struggling real estate firm in order to make enough money to buy a piano for her daughter.

Spotlight

In 1955, Edina, Minnesota housewife and mother of three Emma Rovick borrowed $2,000 and bought a struggling real estate firm in order to make enough money to buy a piano for her daughter.

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