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Luxury Sales Down In Core Global Cities But On The Rise In Emerging Markets

by therealdeal.com posted 2years ago 4482 views
Are Jackson Hole and Auckland the new London and New York? A new Christie’s International Real Estate survey shows that while global luxury home sales – defined as properties valued at north of $1 million – were up 8 percent last year, luxury sales in Manhattan, Hong Kong and central London all declined to the tune of 5 percent, 12 percent and 4 percent, respectively.