Prime New York prices dip as sales surge

Knight Frank has released a "quietly optimistic" Prime Global Residential Forecast, with prime property prices expected to rise in 2013 by an average of 2.5% across all 14 major cities surveyed.

"No-one is surprised" that the six of the ten most expensive homes on the market right now are in London and New York (three a-piece), with nine out of ten sitting in either the UK or the US, according…

"The story for 2013 is about sales volume, not pricing growth," says a new report from Christie's International Real Estate and Strutt & Parker, as median prices in three of the world's top luxury destinations…