While all real estate is local, at the Ebby Blog we love to keep up with markets around the world. Below are a few findings from Luxury Portfolio International’s recent Market Pulse report. This is just a snapshot, so stay tuned as we continue to highlight luxury real estate in the world’s hottest markets.
New York City
Highest recorded sale in past 12 months: $70 million
International buyers are coming from: China, Brazil and Russia
Luxury buyers are looking for: homes with full-service gym and spa, wine storage, indoor pools and pet spas.
Currently there are: 490 listings priced over $7.65 million
The bottom line: The NYC market is being driven by low supply, yet remains affordable compared to other global cities.
Highest recorded sale in past 12 months: $240 million
International buyers are coming from: Russia, various parts of Europe and the Middle East
Currently there are: 68 properties in Kensington and Chelsea above $17 million
The bottom line: The market is cooling and this creates opportunities for foreign buyers and investors alike.
Highest recorded sale in past 12 months: $30 million
International buyers are coming from: Venezuela, Brazil and Argentina. Of all South Florida sales, 35% are being purchased by international buyers.
Luxury buyers are looking for: Homes with hotel and concierge services and proximity to top restaurants
Currently there are: 1,598 properties priced over $1,475,000
The bottom line: South Florida is setting records sales for homes priced over $1 million for the fourth-consecutive year.
The Ebby Halliday Companies is the exclusive member of Luxury Portfolio International in North Texas. When buying or selling property outside of our local market, Ebby Halliday’s world-class connections can help with real estate needs throughout our continent and to points around the globe.
To learn more about Luxury Portfolio International and to discover some of the most extraordinary properties currently for sale worldwide, visit luxuryportfolio.com.