Meanwhile, demand for trophy properties
will continue to outstrip supply, ensuring
continued growth in value. No wonder, then,
that luxury residential real estate continues to
be perceived as a safe haven for investors.
Prognosticators are keeping a close watch on
the U.S. Federal Reserve, the Bank of England
and the European Central Bank before determining what they expect the future to bring,
but all know interest rates will rise eventually.
Hefty price increases recorded
in Dubai
Shaped by fame, fortune
and real estate: the world’s
top cities
International real estate consulting firm Knight
Frank is reporting that their “Global House
Price Index” has risen for eight consecutive
quarters through the first three months of
2014. Yet the rate of price growth slowed.
Globally growth in the first quarter of 2014 was
up only 0.6% compared to 1.2% last quarter, yet
the index still recorded annual growth of 7.1%.
Dubai leads the pack, where real estate prices
rose 27.7% in the year ending in March.
Typically, house prices rise more slowly at the
beginning of the year as end-of-year buyers
often rush to complete deals ahead of changes
in publ