Luxury Portfolio International, our partner in marketing luxury properties, is always monitoring the pulse of luxury real estate. This time they highlight three of the world’s top international markets: Paris, San Francisco and Tokyo.
Highest sale in past 12 months: $52 million
International buyers are coming from: United Arab Emirates, Brazil and the U.S.
The market is currently: a buyer’s market
Top 10% of inventory across the market: About $25,000 per square meter
The bottom line: Foreigners are back and no longer concerned about new tax laws
Highest sale in past 12 months: San Francisco – $15 million, Bay Area – $40 million
International buyers are coming from: China mostly, but other parts of Asia, as well
Luxury buyers are looking for homes with: Smart technology, spectacular views, wine cellars and home theaters
Top 10% of inventory across the market: $7.5 million and above
The bottom line: Tech money from Silicon Valley is driving a white-hot Bay Area market
Highest sale in past 12 months: $10 million
International buyers are coming from: China, Hong Kong and Taiwan, with recent activity from the U.S. and UK
Luxury buyers are looking for: Condos in multipurpose developments
The bottom line: Much of the luxury inventory never makes it to market, but there’s more activity now than any other time in the past six or seven years
The Ebby Halliday Companies is the exclusive member of Luxury Portfolio International in North Texas. Luxury Portfolio membership is by invitation only and is limited to the very best residential real estate companies worldwide. When buying or selling property outside of Dallas-Fort Worth, Ebby Halliday’s world-class connections can help with real estate needs across North America and to points around the globe. To learn more about Luxury Portfolio International and to discover extraordinary properties for sale worldwide, visit luxuryportfolio.com.