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The biggest billionaire home sales of 2012

Posted on 21 December 2012

If the housing market as a whole has been limping back to health, the super luxury end has been sprinting. Chalk it up to billionaires bullish on real estate. From coast to coast, 2012 has welcomed a slew of record-breaking home sales as the world’s richest have snapped up multi-million dollar penthouses and mansions in major U.S. cities.
Take Miami. Despite the fact that foreclosure filings remain high and home prices are still roughly 40% lower than their 2007 peak, the luxury market clocked a series of stratospheric transactions that signify not only a resurgence in the Magic City’s high-end but the emergence of a new mind-bogglingly big price tier………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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