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Global luxury housing on a roll

Posted on 28 March 2013

Robust economic recovery continues to keep luxury property markets going, turning them into quite an immune investment. Housing markets around the world including London, New York, Paris, San Francisco, Los Angeles and Hong Kong have got off to a strong start this year, reports indicate.
Christie’s International Real Estate, a high-end property affiliate network under Christie’s auction house, has launched a new index that compares world real estate markets by different metrics - including sales price, prices per square foot and percentage of foreign buyers, among others. London topped the index with a record sales price of more than US$121 million (HK$943.8 million) for a home last year………………………………………..Full Article: Source


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