"From the developer’s Prime Global Cities cauldron on Tuesday:
Prime prices across all 27 cities rose by 6.6% on average in the year to September but by only 1.2% in the last three months.
And Kate Everett-Allen of Knight Frank offers the following analysis:
This quarter’s results represent the index’s strongest annual growth since the third quarter of 2010 but its weakest quarterly growth since 2012. On closer analysis however, the third quarter has consistently been the index’s weakest performing quarter for the last three years. The slowdown can partially be attributed to weaker sales activity in the summer months and this year to the timing of Ramadan. This coincided with quarterly growth rates in Dubai almost halving from 6.1% in Q2 to 3.4% in Q3. The latest results show only five cities (17% of our basket) recorded negative growth over the last 12 months. A year earlier, there were eleven cities (39%) which fell into this bracket – eight of them European cities."
'via Blog this'
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