Luxury Home Prices Drop for First Time Since the Global Financial Crisis – and Will Likely Keep Falling
The price of luxury homes in the world’s top markets has turned negative for the first time since 2009, according to real estate tracker Knight Frank. The firm’s Prime Global Cities Index, which covers prices in 46 leading markets, dipped 0.4% annually in the first quarter. That’s down from a 3% increase in the fourth quarter and continues […]