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Luxury Residential Property Market

Luxury Specialist Conference Gallery 2016

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This week Provaltur International Inc. / Christie’s International Real Estate witnessed  The Christie’s International Real Estate 2016 Luxury Specialist Conference that took place at the Mandarin Oriental Hotel in Washington, D.C., September 21 to 23, 2016. This two-day networking and educational event is open to the most successful sales associates, marketing directors, and senior management from…

Hotel Boutiques and Investors homes!

Sivory With only 55 suites, this Punta Cana Boutique Hotel immerses guests in an experience that is simply unmatched by the larger, all-inclusive Dominican Republic resorts. Every detail of our accommodations has been conceived to reflect the serenity of the Punta Cana coast, from simple yet elegant Eastern Asian and Caribbean design elements to windows…

Ranking the World’s Top Performing Luxury Property Markets

From recent stock market fluctuations to the shifting fortunes of emerging market buyers, the global prime property market traversed a challenging geopolitical and economic landscape in 2015 and into 2016. The annual Christie’s International Real Estate Luxury Index, which synthesizes and compares luxury housing metrics, reflects these developments and acts as a measuring stick for the global luxury market. The Index…

The Art of Pricing at the Highest Levels

In last year’s edition of Luxury Defined, the $100 million price point was identified as a new benchmark for the world’s most unique and luxurious properties. Contrary to media reports questioning the staying power of such a price point, the proliferation of real estate sales at and above this benchmark, and similarly realized prices for artworks in 2015, confirm that there is a narrow but strong…

New Affluent Buyers! Who are they?

The Rise of the Millenipreneur The health and pricing of luxury real estate markets are not always internationally fueled; the spending habits of local entrepreneurs also have an influence. Increasingly, where affluent millennial prime property buyers are to be found, so too are what Scorpio Partnership recently dubbed “millennipreneurs” —those of the millennial generation (born between 1980 and 1995) and active in entrepreneurship. Many of the…

How long does it take to sell a luxury home in the world’s top cities?

Luxury homes on average took 195 days to sell in 2015 across our surveyed prime property markets, an overall 23% decrease from the year prior In the majority of our surveyed markets, days on the market for luxury properties fell or remained constant in 2015 as compared to 2014. The average days on market for prime property worldwide was 195, a 23 percent drop from…