Real estate

The values ​​of the luxury real estate market are flying in the most important cities of the world. Limited supply, strong demand from international buyers and the increased appreciation of high-net-worth individuals for first-class offers: these are the factors that have pushed the prices of luxury homes to all-time highs. This was revealed in a report by Christie's Real International Estate in a new study on the global market of luxury residences. The financial markets guarantee a limited return on investments, thus, those who own large capital begin to recognize the value of investing in non-consumer goods, such as prestigious properties and works of art. The index ranks markets through key metrics, including sales price records, prices per square meter, the percentage of non-local and international buyers, and the number of luxury listings relative to the population. The research highlights the following points: - globally, high-end properties for sale have reached record prices in several cities, thus remaining immune to the economic problems that plague the general real estate market; - wealthy buyers are often more inclined to invest in an important global market rather than in another city in their home country for the purchase of additional additional properties; - prestigious residential properties follow the growing trend of non-consumer luxury goods, such as works of art, more than the growth trends of the real estate market in general. The luxury real estate market is experiencing this favorable moment also thanks to the scarcity of supply of high quality properties and the increase instead of the demand from international buyers in many of the most important cities in the world. The two cities at the top of the list are London and New York which, with sales prices of $ 121 million and $ 88 million, respectively, set a record this year for the highest prices for luxury properties. As a prestigious destination, the Côte d'Azur recorded the highest percentage of both second home buyers (95%) and international buyers (90%).