Luxury housing market unscathed while all around it suffers | Business | The Guardian
When the economic going gets tough, the rich get going in increasingly big houses.
As sales of £1m-plus homes in London hit their highest level since the 2007 housing peak, high-end estate agency Knight Frank, whose clients have included Kate Moss and Sven Goran-Eriksson, has reported bumper profits, while in France, auctioneers are reporting a surge in luxury property sales.
Sotheby's auctioneers reported that sales of prestige property in France and Monaco leapt 38% in the third quarter of this year, compared with the previous quarter.
The economic woes have done nothing to dent prime London real estate either. Knight Frank says prices for city centre properties were up 9%, with rents up 17% and the volume of transactions returning to "pre-crash levels".
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I am working for the business of luxury houses since past 10 years and find that the houses that are more functional came as in definition of "luxury" for the buyers. At the time of buying you just see the house, when you live in it you actually explore it then the meaning to some extent chanced.
ReplyDeleteluxury homes uk
I am working for the business of luxury houses since past 10 years and find that the houses that are more functional came as in definition of "luxury" for the buyers. At the time of buying you just see the house, when you live in it you actually explore it then the meaning to some extent chanced.
ReplyDeleteluxury homes uk