Miami, Moscow and Dubai to be Strongest Performing Global Markets in 2013

Miami is becoming more and more predominant in the International landscape. For many, it could become the capital of Latin America in the near future.
According to London-based Knight Frank, 2013 will be a year of continued growth in many prime cities around the globe despite continued economic uncertainty.
In 2013, expect prime residential prices across the 14 cities included in our forecast to rise by 2.5% on average, with Miami, Moscow and Dubai being the strongest performers.
Supply, or the lack of it, will be a key determinant of price performance in cities such as New York, Moscow and Miami in 2013. In 2013 supply constraints are expected to be a determining factor for a number of cities. The shortage of top-end homes in Moscow and Miami is expected to support price growth. But in Monaco and New York although the lack of luxury homes is also evident there is not enough of an imbalance to drive prices significantly higher in 2013. *Source: World Property Channel

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