KF: Local currency prime residential real estate prices up 2.0% in New York City over year to June 2015
In its Prime Global Cities Index Q3 2015, Knight Frank noted that its Prime Global Cities Index had increased by 1.9% over the year to the end of September 2015. The Index is now 34.1% above its 1Q09 low. Two years ago, the year-on-year growth had been about 7%. Of the 34 cities included in the Index, 73% experienced growth in prices in prime residential real estate (the top 5% of the market) over the last year. Two years ago, the corresponding figure was 91%. Over the last year, New York City was ranked 19th for the 2.0% rise in prime residential real estate prices (NB over the year to June 2015). Over the last six and three months, prices have risen by 1.2% and fallen by 0.6% respectively.
Source : November 2015/KF/New York City/RES