Knight Frank (KF) noted that its index for prime residential property (i.e. the top 5% in terms of traded prices) in New York City fell by 6.7% y-o-y in 2Q15. The index has fallen by 7.1% since the beginning of 2015 and by 1.4% in 2Q15 alone.  New York City’s y-o-y fall means that it is the 32nd best performing of the 35 cities for which KF published data. New York City was in second 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/New York City/RES