Continues to be high demand for luxury homes and condos in Europe, the middle East and Africa. Real luxury continues to attract ultra – rich people globally who want to diversify their savings.
London tops the list of cities, coveted for the rich. However, Madrid, Dubai and Cape town are also very popular among wealthy buyers. A new report presented by the log Wealth-X and real estate Agency Sotheby’s International Realty .
The price per square foot of luxury real estate in London has already reached $3103. This is more than four times the price for one square meter in Dubai, six times more expensive than in Madrid and nine times more expensive than in Cape town.
A third of all London properties luxury apartments worth more than $10 million For comparison, in Dubai, only 8% of luxury real estate worth more than $10 million.
Cape town is known for its large houses. As the price for one square foot of real estate in Cape town below all, if you compare with the listed cities, Cape town is easier to find a big house to six bedrooms, which often attracts the rich.
Luxury properties are always in high demand from super-rich people. As their income continues to increase, rich people continue to buy real estate luxury around the world. It should be stated that little else is more reliable opportunities for investment than luxury properties in stable markets housing. Wealthy people derive their wealth from unstable regions and countries under sanctions in a more stable and reliable markets. Research shows that investment in luxury properties is growing from year to year , an increase of 7 % in the first quarter of 2015 compared to the first quarter of 2014.
® Alice Morgan 30.06.2015 year.
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