6. (Joint) London, UK — Home prices in Britain's capital city are only forecasted to rise by 2% because despite the huge housing shortage, "a rise in transaction costs, political risk around the Mayoral election, and on-going affordability" muted Knight Frank's forecast.
6. (Joint) Miami, US— Knight Frank actually cut its growth forecast for the coastal city to 2% for this year, from 4% in 2015, because the weakened US dollar against key South American currencies and the euro will hit demand.
4. (Joint) Monaco — Residential property prices are set to grow by 5% this year, mainly because the world's wealthiest people have to compete for space in this tiny principality.
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