Knight Frank and Citi have released a report detailing the world’s wealth for 2010.
In it are details on what luxury property markets had a great 2009, and which ones crumbled.
We’ve got the losers right here, with the 12 markets most savaged.
Check out the 12 luxury property markets where prices are flopping >
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Kiev: 16% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Kiev Centre Apartments
Chamonix: 17% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Isle Travel
Gascony: 17% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Countrylife
Mallorca: 17% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: First Mallorca
Florence: 18% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Italy Mag
Bordeaux: 18.1% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Cabinet Miquel
Dordogne: 19.5% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Globespanproperty
Barbados: 20% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Homes Go Fast
Palma: 22% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: AM Immobiliaria
Dublin: 25% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Your Home From Home
Western Algarve: 30% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Scott Dunn
Dubai: 45% loss in value in 2009
Source: Knight Frank and Citi Wealth Report
Photo: Homes Go Fast
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