Talk of the Town - Real Estate News from the Hamptons and North Fork

April 21, 2015

HOME: THE ULTIMATE EXPERIENTIAL PURCHASE

Affluent individuals worldwide are increasingly seeking to diversify and acquire assets of lasting intrinsic value such as fine art and luxury real estate. Speculation continues as to whether the global housing markets will continue to rebound in the coming years. In “A New Housing Boom? Don’t Count On It”, Robert Shiller forecasts that for the next half decade, housing prices, in the non-luxury sector at least, across the entire US residential market will increase only on an “inflation-adjusted price growth of one or two percent a year,” because of “lingering uncertainties” in various world economics. Conversely, there is much written about the resurgence in the strength of luxury goods and services regardless of whether the global markets are recovering, and...

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