High net-worth individuals see high-end residential property as one of the best asset classes to own, predicting growth in 2010. London-based Knight Frank, a global property consultancy, and Citi Private Bank recently published “The Wealth Report 2010,” a 45-page report that surveys the outlook of high net-worth individuals towards global high-end residential property. Reviewing property in cities from Dubai to Shanghai, the report talks about price changes, market-by-market insight, spread of global wealth, risks and even the expanding role of Islamic banking.

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Former Fannie Mae employee gets 6 years in prison for making $1 million on shady foreclosure sales

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3d rendering of a row of luxury townhouses along a street

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