Christie’s International Real Estate has declared the release of its first report on real estate market titled, “State of the International Luxury Real Estate Market”.
The report includes outcomes of various surveys conducted and completed by its associated brokerage firms in the network. The contents of the report were improved by endorsing insights and commentaries by the specialists in the luxury market.
Christie’s International Real Estate Releases Inaugural “State of the International Luxury Real Estate Market" Report. Credit: Christie
The study analyses the present mood of the purchasers and the vendors and the prevailing trends in the market activity all over the world and presents details on the way the higher level market transactions are completed. According to the report, nearly 87% of the systems prefer cash as an effective mode of payment. According to the report, though there is increased buoyancy among the buyers it is not matched properly with the unrealistic pricing expectations of the sellers. Nearly 67% of the respondents admitted increased buyers activity in comparison with the same period in the previous year. According to the report, most of the top level dealings took place in metropolitan cities such as Beverly Hills, New York, Hong Kong, Paris and London.
Christie’s International Real Estate, have their offices in over 40 countries in the world and make a combined yearly sales volume of around US$100 billion. The international network of the company concentrates on properties that are valued over and above US$1 million. The company enrolls real-estate brokers after a painstaking approval process.
Source: http://www.christiesrealestate.com