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luxury defined

Impact of Exchange Rates and Currency Movements

Geographic diversification of equity is more important than ever to the world’s ultra-affluent population, according to a survey of more than 250 real estate agents from the Christie’s International Real Estate worldwide network. Despite a slight drop in the number of billionaires worldwide for the first time since 2009, international investors continued to purchase luxury real estate at…

Overseas Investment Influences

Alignment with the U.S. Economy Boosts Mexico’s Prime Real Estate Mexico’s third-largest city, Monterrey, has experienced strong recent economic growth, spurred in part by an influx of new automotive plants from overseas companies in 2014-2015. The city is leveraging its traditional industrial base, highly skilled labor force, and its strategic location 80 minutes from Houston by plane, to position itself at the center of Mexico’s economic transformation. The…

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…

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…

What price constitutes “luxury” around the world?

>> Download the full report. << A survey of real estate specialists in more than 100 property markets across the globe reveals an enormous difference in where the starting price for a “luxury” home begins. Brokers reported luxury prices ranging from under $1 million in Palm Springs to $10 million in Monaco. The starting benchmark for a luxury home around the world varies considerably, and…

The Price of Luxury, From the Luxury Define White Paper 2016

The Price of Luxury Looking ahead to the remainder of 2016 and beyond, the global prime property market appears set to continue on a slow but steady growth cycle, with prices and sales volumes on an upward trend in some markets. Many premier global centers—as well as prized second-home resort destinations continue to command exceptional prices for prime property. A…

Global Luxury Residential Real Estate Market: New 2016 Report

>> Download the full report. << Global Luxury Residential Real Estate Market: New 2016 Report From prime to ultra prime and beyond, the narrative surrounding international luxury real estate markets has become more and more complex over recent years. Amid an increasingly divergent backdrop of influences, the world of prime real estate continues to evolve alongside the…

Clientele Luxury Magazine ANNOUNCING NEW ALLIANCE

PROVALTUR’s exclusive properties are NOW also promoted through CLIENTELE Luxury   Provaltur International, exclusive affiliate of Christies International Real Estate in the Dominican Republic, now also promoted exclusive listings in new high end publication through a strategic Alliance with Clientele Luxury. For new publication Clientele Luxury, this term aptly describes the magazine’s mission: to align its high-profile,…

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