Prime Property Prices In Miami Up 91% Over Five Years, Beating London And New York

Over the past five years, prime residential property prices in Miami have risen faster than any of the eight cities tracked by research firm Knight Frank’s newly released Global Development Report.

Rental yields in Miami are also higher than any other city in the report. The gross residential yield for prime properties in Miami stands at 6.1%.

Overall, prime property prices in Miami have risen 12% in the past year and 91% in the past five years.