Luxury Real Estate Prices Dip In New York City As Asia Drives Global Gains
Prime property prices, defined as the top 5% of the market, fell more than 2% in New York and London in the first quarter compared to the same period a year ago, while in Manila, Tokyo and Mumbai, luxury home prices surged, gaining 27%, 13% and 12%, respectively. Miami was up 7% and San Francisco up 2%.Â
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