Price growth in prime global city markets falls to lowest since 2009
Knight Frank | May 23, 2019
Prime property prices in key cities around the word are continuing to moderate with the latest data showing they increased by 1.3% year on year, down from growth of 4.3% two years ago. The index from international real estate firm Knight Frank, covering the first quarter of 2019, reveals that the growth in the 12 months period was the lowest annual rate since the fourth quarter of 2009. The highest growth was a price rise of 14.1% year on year on Berlin, followed by a rise of 12% in Moscow, a rise of 9.6% in Frankfurt, a rise of 8.4% in Tokyo and a rise of 7.6% in Edinburgh