{"id":467295,"date":"2010-03-24T12:41:00","date_gmt":"2010-03-24T16:41:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/12-losing-cities-where-luxury-real-estate-is-flopping-2010-3"},"modified":"2010-03-24T12:41:00","modified_gmt":"2010-03-24T16:41:00","slug":"12-cities-where-luxury-real-estate-is-tanking","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/467295","title":{"rendered":"12 Cities Where Luxury Real Estate Is Tanking"},"content":{"rendered":"<p><a href=\"http:\/\/www.businessinsider.com\/12-losing-cities-where-luxury-real-estate-is-flopping-2010-3\/kiev-16-loss-in-value-1\"><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4baa33167f8b9add057a0200-349-262\/mallorca.jpg\" border=\"0\" alt=\"Mallorca\" width=\"349\" height=\"262\" \/><\/a>Knight Frank and Citi have released a report detailing the world&#8217;s wealth for 2010.<\/p>\n<p>In it are details on what luxury property markets had a great 2009, and which ones crumbled.<\/p>\n<p>We&#8217;ve got the losers right here, with the 12 markets most savaged.<\/p>\n<h2><a href=\"http:\/\/www.businessinsider.com\/12-losing-cities-where-luxury-real-estate-is-flopping-2010-3\/kiev-16-loss-in-value-1\">Check out the 12 luxury property markets where prices are flopping &gt;<\/a><\/h2>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/dear-wall-street-nyc-real-estate-worthy-of-your-bonus-cash-2010-1\">Condo Porn Of The Day: Awesome Digs For Bankers To Spend Their Bonus Bucks On<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/did-someone-finally-buy-lenny-kravitzs-15-million-soho-apartment-2010-1\">HOUSE PORN OF THE DAY: Lenny Kravitz&#8217;s $15 Million Soho Apartment<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/ken-lay-condo-houston-sale\">Apartment Porn Of The Day: Enron King Ken Lay&#8217;s Houston Castle<\/a><\/li>\n<\/ul>\n<h2>Kiev: 16% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa32f67f8b9a0871330200-400-300\/kiev-16-loss-in-value-in-2009.jpg\" alt=\"Kiev: 16% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/kievcenterapartments.com\/\">Kiev Centre Apartments<\/a><\/p>\n<p><\/p>\n<h2>Chamonix: 17% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa33007f8b9a76730c0000-400-300\/chamonix-17-loss-in-value-in-2009.jpg\" alt=\"Chamonix: 17% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.isletravel2.com\/ski\/direct.html\">Isle Travel<\/a><\/p>\n<p><\/p>\n<h2>Gascony: 17% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa330b7f8b9ad37cdc0100-400-300\/gascony-17-loss-in-value-in-2009.jpg\" alt=\"Gascony: 17% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.countrylife.co.uk\/property\/newsinternational\/article\/435508\/What-1m-1m-will-buy-you-in-property.html\">Countrylife<\/a><\/p>\n<p><\/p>\n<h2>Mallorca: 17% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa33167f8b9add057a0200-400-300\/mallorca-17-loss-in-value-in-2009.jpg\" alt=\"Mallorca: 17% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.firstmallorca.com\/en\/property\/id\/519536\">First Mallorca<\/a><\/p>\n<p><\/p>\n<h2>Florence: 18% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa331f7f8b9afa73170000-400-300\/florence-18-loss-in-value-in-2009.jpg\" alt=\"Florence: 18% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.italymag.co.uk\/property-for-sale-in-italy\/italian-property\/luxury-apartments-famous-villa-florence\">Italy Mag<\/a><\/p>\n<p><\/p>\n<h2>Bordeaux: 18.1% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa332b7f8b9af973130000-400-300\/bordeaux-181-loss-in-value-in-2009.jpg\" alt=\"Bordeaux: 18.1% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.cabinet-miquel.com\/en\/index2.php?getA=prestige\">Cabinet Miquel<\/a><\/p>\n<p><\/p>\n<h2>Dordogne: 19.5% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa33367f8b9af47c670200-400-300\/dordogne-195-loss-in-value-in-2009.jpg\" alt=\"Dordogne: 19.5% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.globespanproperty.com\/property_sale.php?id=1310405\">Globespanproperty<\/a><\/p>\n<p><\/p>\n<h2>Barbados: 20% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa33417f8b9af7733c0000-400-300\/barbados-20-loss-in-value-in-2009.jpg\" alt=\"Barbados: 20% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.homesgofast.com\/Exclusive-Property-Exhibition.php\">Homes Go Fast<\/a><\/p>\n<p><\/p>\n<h2>Palma: 22% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa33557f8b9afd05b70100-400-300\/palma-22-loss-in-value-in-2009.jpg\" alt=\"Palma: 22% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.am-inmobiliaria.com\/index.php?id=2&amp;L=1\">AM Immobiliaria<\/a><\/p>\n<p><\/p>\n<h2>Dublin: 25% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa33607f8b9adf7c700200-400-300\/dublin-25-loss-in-value-in-2009.jpg\" alt=\"Dublin: 25% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.yourhomefromhome.com\/images\/property\/679584_DSCF1534.JPG&amp;imgrefurl=http:\/\/www.yourhomefromhome.com\/property.php%3Fid%3D65%26stype%3D&amp;usg=__JJ6ij1JUrfvTlAV9gdcgwZ5N4kE=&amp;h=2304&amp;w=1728&amp;sz=1672&amp;hl=en&amp;start=60&amp;um=1&amp;itbs=1&amp;tbnid=fa8feQRQH-R4YM:&amp;tbnh=150&amp;tbnw=113&amp;prev=\/images%3Fq%3Ddublin%2Bluxury%2Breal%2Bestate%26start%3D42%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26sa%3DN%26rls%3Dorg.mozilla:en-US:official%26ndsp%3D21%26tbs%3Disch:1\">Your Home From Home<\/a><\/p>\n<p><\/p>\n<h2>Western Algarve: 30% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa336a7f8b9af873870000-400-300\/western-algarve-30-loss-in-value-in-2009.jpg\" alt=\"Western Algarve: 30% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.scottdunn.com\/accommodation\/villa-maranhao-algarve.html\">Scott Dunn<\/a><\/p>\n<p><\/p>\n<h2>Dubai: 45% loss in value in 2009<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4baa33747f8b9ae005f30200-400-300\/dubai-45-loss-in-value-in-2009.jpg\" alt=\"Dubai: 45% loss in value in 2009\" border=\"0\" class=\"slide-image\" \/><\/div>\n<p><em>Source: <a href=\"http:\/\/www.knightfrank.com\/wealthreport\/\">Knight Frank and Citi Wealth Report<\/a><\/em><\/p>\n<p>Photo: <a href=\"http:\/\/www.homesgofast.com\/luxury-real-estate.php\">Homes Go Fast<\/a><\/p>\n<p><\/p>\n<h2>Now Check Out 10 Luxury Business Hotels That Will Make You Forget You&#8217;re On Business<\/h2>\n<p><div class=\"image-container slide-image\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4ba7b1e37f8b9aa37ea40700-400-300\/now-check-out-10-luxury-business-hotels-that-will-make-you-forget-youre-on-business.jpg\" alt=\"Now Check Out 10 Luxury Business Hotels That Will Make You Forget You're On Business\" border=\"0\" class=\"slide-image\" \/><\/p>\n<p>Image: www.mamashelter.com<\/p>\n<\/div>\n<h2><a href=\"http:\/\/www.businessinsider.com\/the-worlds-most-luxurious-business-hotels-2010-3#1-boundary-london-united-kingdom-east-london-hotel-with-rates-starting-around-350-per-night-1\">See Them Here &gt;&gt;&gt;<\/a><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/12-losing-cities-where-luxury-real-estate-is-flopping-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/Y1TxbM3or8o\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Knight Frank and Citi have released a report detailing the world&#8217;s wealth for 2010. In it are details on what luxury property markets had a great 2009, and which ones crumbled. We&#8217;ve got the losers right here, with the 12 markets most savaged. Check out the 12 luxury property markets where prices are flopping &gt; [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-467295","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/467295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=467295"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/467295\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=467295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=467295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=467295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}