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Prime Global Cities Index - 1Q 2013

Tokyo leads luxury residential market slowdown

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Prime Global Cities Index - 1Q 2013

Jakarta, Bangkok and Miami topped the table this quarter, recording annual price growth of 38.1%, 26.1% and 21.1% respectively.

The measures aimed at cooling residential price growth in Jakarta and Bangkok have been less stringent than those applied across many neighbouring Asian cities, allowing new middle class wealth to fuel demand and push prime prices higher. In Miami’s case, Latin American wealth is a key driver of the luxury market, with the flow of capital from Brazil, Venezuela and Argentina proving influential.

Source : Knight Frank

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Keywords : Knight Frank