World Property Channel
After the economic collapse, it was impressive the rate at which luxury property has re-established its pre-crash prices and continued to grow afterwards. Moscow is now predicted as one of the top 3 cities for continued property price growth over the next few years.
According to London-based Knight Frank, 2013 will be a year of continued growth in many prime cities around the globe despite continued economic uncertainty.
Since the Lehman Brother's collapse the world's luxury markets have come full circle. The global downturn meant luxury prices tumbled as market confidence ebbed away but within 12 months key markets such as London, Hong Kong and Shanghai were rallying once more recording prime quarterly price growth of 5.5%, 5.6% and 9.8% respectively.
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