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London retains crown as favourite city of world's ultra-rich London beats New York for second year running - but Asian cities will eclipse both in coming decades, according to research London has held on to its crown as the favourite city of the global elite, but has New York and Asian cities snapping at its heels. London is the preferred place for the ultra-wealthy to buy a home or invest in property for the second year running, according to the Knight Frank Wealth Report 2014. The UK and US capitals have been jostling for position at the top, and New Yo...
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