21.12.2012 - The biggest billionaire home sales of 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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