In a recent article in RISMedia, the president of Luxury Portfolio, International, one of our luxury real estate affiliates, was quoted as saying the following”
“The mood of our Luxury Porfolio brokers is upbeat as we move into 2014. They believe that well-priced luxury homes will continue to be in high demand, resulting in increases of 10 to 20 percent in volume in most of their markets, with unit sales rising 5 to 10 percent.” – Paul Boomsma – President, Luxury Porfolio International
This statement is based on 2013 statistics, and predictions for 2014. In addition, the article indicated that in some markets, non-US residents accounted for up to 60% of all luxury real estate sold. This serves to echo the fact that more and more, buyers start their search for real estate online. If you have any questions about a property that you would like to buy or sell, please let us know. Thank you.
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