Tuesday, 3 June 2008

Luxury Real Estate Ups and Downs

Falling home values mean an attractive investment opportunity for America's affluent according to the Luxury Institute.

24% of affluent Americans plan to buy property in 2008.

Home values fall by a massive 14.1% in the first quarter of 2008. (see above)

Donald Trump sell luxury mansion in Florida:
Donald Trump\'s Palm Beach Estate Sold

After dropping his price by $25 million, Mr. Trump sold his mega-mansion in Florida.

New record price reached for a home in London:

Most expensive home in London

Britain's richest man, Lakshmi Mittla has reputedly agreed a new record price for a luxury home in London.

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