New York up 9.3% in Knight Frank's 3Q'11 Global Market Report

Knight Frank's 3Q'11 global prime properties report:



Summary points from Knight Frank's 3Q'11 global prime properties report:
1. Prime properties price growth slowing for the first time since the recession of 2008/2009.  On average, prime property price increased 4.3% in Sept 2011 compared to a year ago.  The cooling down is partly due to government deflationary measures in Asian cities.

2. New York prices up 9.3% during the same period, outperforming the global average.


3. Prime properties recovered well from the recession.  New York was up 25% from its recession low.  London up 37%, Hong Kong 72%.

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