New York, USA, is expected to be the top-performing prime city for real estate in 2015, with Sydney, Australia, the only other destination in the Prime Global Cities Forecast to see price rises.
Luxury prices across Manhattan are expected to rise 5%-10% in 2015, boosted by strengthening foreign interest from Chinese, British, Russian and Latin American buyers and an improving economy, says Knight Frank in its Quarter 4, 2014 Prime Global Cities Forecast.
Sydney is also on the radar of foreign buyers and limited luxury supply could see prices rise by up to 5% in 2015, Knight Frank predicts.
