Gauging real estate recovery: A global perspective

From The Real Deal

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New York City may have some of the priciest housing in the world, but the London and Hong Kong residential markets are bouncing back faster from the downturn.

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(Source: Newmark Knight Frank)

Courtesy of The Real Deal, Copyright 2010

"In the second half of 2009, prices started to pick up again in New York," said Liam Bailey, head of residential research at London-based brokerage Knight Frank. "But it’s a slower recovery."