London tops research report outlining the trends that are shaping the luxury residential property market

The 'Luxury Defined' report was compiled through data and insight from Christie's International Real Estate affiliates, with Strutt & Parker being the sole UK affiliate.

The report which researched property trends from across the world's most affluent locations found these key findings:

• Top-tier properties achieved record prices globally in 2012 with international buyers driving the sales.

• The luxury property market has limited supply. High-net-worth individuals are continuing to invest in real estate, often in second and multiple homes.

• Recent changes to tax laws in some countries have impacted market activity and will continue to do so in 2013.

• Prestige residential real estate values will more likely follow growth trends in nonconsumable luxury goods than trends in the general housing market.

Read the full report here: Luxury Defined: An insight into luxury residential property market.