According to the analysis, 35 global cities witnessed an on-year rise in prime residential prices in the second quarter of 2021. Around 13 cities registered double-digit priced growth up from just one city a year ago.
New York Was the Worst-Performing Global Luxury Market in the First Quarter
The city’s prime prices, defined as the top 5% of the market, fell 5.8% year over year By Fang Block |
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New York City s luxury prices fell 5.8% year over year in the first quarter, the largest decline among the 46 major global cities. Fang Block
New York City s luxury prices fell 5.8% year over year in the first quarter, the largest decline among the 46 major global cities.
Fang Block
New York City’s luxury property market had the biggest annual price decline among major world cities during the first quarter of the year, while prime prices globally rose at their fastest rate since 2017, according to a Knight Frank report released Wednesday.