High-end homes in New York, London, Hong Kong, Vancouver and Singapore saw their values dip versus the first three months of 2019, according to a Knight Frank LLP report released Thursday.
…the crisis “was in its nascent stages in the U.K. and the U.S., meaning it is likely to be the second quarter before we can accurately gauge the full impact,” Knight Frank said.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
