12.03.2013 - Global luxury real estate market showing 'strong momentum'
The international luxury real estate market remains relatively immune to the economic and political trends that drive the general housing market and is off to strong start in 2013, according to a report from high-end real estate affiliate network Christie's International Real Estate. The report compared 10 top property markets around the world: London, New York, Hong Kong, Paris, San Francisco, France's Cote d’Azur, Toronto, Dallas, Los Angeles, and Miami. The company, a subsidiary of Christie's auction house, also rolled out a new index, the Christie's International Real Estate Index, which ranks markets across metrics such as record sales price, prices per square foot, percentage of non-local and international purchasers, and the number of luxury listings relative to population...............................................Full Article: Source
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