04.10.2011 - Luxury homes offer the rich a wealth of choice
It turns out the rich are, in fact, different after all. While property markets around the globe continue to struggle as the economy stutters, home values in the most exclusive locations are still rising, fuelled by the unique tastes of the world's richest people. Prices for the most expensive properties jumped 10 per cent in 10 of the world's biggest cities in the first six months of the year. This outpaced the overall market in the same cities, according to a "global billionaire index" tracked by the upmarket estate agency Savills..............................................Full Article: Source
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