In a global real estate market that has largely been lukewarm than hot, real estate agency Knight Frank highlighted the interesting fact that it may actually have been fine all along. News from The Edge Markets points toward "ultra-prime" properties in six cities having been sold for a combined US$6.6 billion the past year for a yearly average of US$43 million each house.

Of the cities that contributed to the total, Hong Kong emerged the winner in sales with a total of US$25 million in houses sold. New York followed suit, with London close behind. According to Liam Bailey, global head of research at Knight Frank, it's going to happen because these are financial centers. A lot of people are making money in these cities with enough purchasing power to buy property even at a premium.

Other figures included in the study were the number of people with US$50 million in investable assets totaling to 129,730. These people have also purchased property in only a few areas-17 exact geographic sales areas, to be precise. Bailey shared that he personally would've expected at least more variations in locations.

Bloomberg breaks down the surprise in dealing with these areas, where their contributions to the global real estate market value appears to be just fine. The Knight Frank report appear surprising, but it is interesting to note that these areas remain a tier above what is considered the "prime" market. These are the market for the wealthy, but are not super-rich, as those in the "top-prime" market is.

There's a very different story in the top market. The very top appears to have a case of "oversupply" in the markets, as compared to "waning demand," something that everyone else has been whining about. This is evident in New York's slowing market, which has actually shown robust activity in sales; there are just a lot more properties to purchase that there are purchasers.

The growth in this sector, according to reports, surfaced at 12 percent over a period of two years. It is believed that significant growth in this sector is set to continue.

Hong Kong and London's markets, meanwhile, have stark contrasts; the Hong Kong market has definitely been busy even if it's the most expensive. The London market, meanwhile, has shown signs of decline, a fact that's being currently attributed to the current state of affairs in Britain, most notably its government's impending 'Brexit.'