INSUBCONTINENT EXCLUSIVE:
market globally on Knight Frank''s Prime Global Cities Index.The capital region, by virtue of its limited supply of luxury properties, saw
a 4.4 per cent rise in weighted average of capital values.The index tracks the movement in luxury residential prices across 46 cities
Luxury residential prices have overall registered an average increase of 1.4 per cent in the year to June period.Although Berlin leads the
index, its rate of annual growth has slowed from 14.1 per cent in March to 12.7 per cent in June
Frankfurt, by comparison, has seen its annual price growth increase from 9.6 per cent to 12 per cent over the same period.Thirty-five of the
46 cities tracked by the index (76 per cent) registered price growth in the year to June
Of the 11 that saw prices decline year-on-year, Istanbul (minus 9.9 per cent) and Vancouver (minus 13.6 per cent) were the weakest
markets.Sluggish economic growth explains the wave of interest rate cuts evident in the last three months as policymakers try to stimulate
growth."Much hinges on the next three months with stronger headwinds on the horizon
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