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Last year, word filtered out that the high end, read luxury, property market was stabilising. Essentially in business speak, prices were no longer rising as fast as they were a few years ago.
A series of property index reports reinforced this. According to the Knight Frank Prime Global Rental Index, rents in this market remained unchanged for the first three months of this year. In addition, there was only a 0.7 per cent increase in rents in the same market, between march 2014 and March 2015.
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