Knight Frank (KF) noted that its index for prime residential property (i.e. the top 5% in terms of traded prices) in Miami rose by 13.9% y-o-y in 2Q15. The index had fallen by 6.1% since the beginning of 2015 and by 8.0% in 2Q15 alone. Miami’s y-o-y rise was the second largest of the 35 cities for which KF published data. Miami appeared in sixth place out of 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/Miami/RES