FT: Global cities begin to shrink as inner areas empty out

Knight Frank looks at the differential between the average prime property price and the top price achieved in ten global cities over the last five years

London property remains overvalued, says UBS, but the UK capital is near the bottom of the bubble-risk table this year.

Property is now the world’s most significant store of wealth, says Savills; more valuable than all global equities and debt securities combined, and worth almost four times the entire global GDP.