TALK OF THE TOWN - REAL ESTATE NEWS FROM THE HAMPTONS AND NORTH FORK

April 23, 2014

EXPLOSION IN $1 MILLION+ SALES HERALDS A RESURGENT GLOBAL LUXURY HOUSING MARKET

  NEW YORK – The global luxury residential real estate market flourished in 2013, with exceptional increases in the volume of US$1 million-plus market sales, according to a newly released report on the international prestige property market by Christie’s International Real Estate, the world’s leading luxury residential real estate network and the real estate arm of Christie’s art house. Now in its second year, Luxury Defined: An Insight into the Luxury Residential Property Market, presents an in-depth analysis of luxury market trends and compares 10 of the world’s top property markets: Cote d’Azur, Hong Kong, London, Los Angeles, Miami, New York, Paris, San Francisco, Sydney, and Toronto. Using ‘Christie’s International Real Estate Index,’ markets were ranked across key metrics including...

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