Knight Frank (KF) noted that its index for prime residential property (i.e. the top 5% in terms of traded prices) in Los Angeles fell by 7.3% y-o-y in 2Q15. The index has fallen by 14.5% since the beginning of 2015 and by 3.3% in 2Q15 alone.  Los Angeles’s y-o-y fall means that it is the 33rd best performing of the 35 cities for which KF published data. Los Angeles was in 22nd place in KF’s ranking of the 40 most important cities for UNHWIs worldwide in 2015, which appeared in its Global Cities survey early this year.

Source : August 2015/KF/Los Angeles/RES