Luxury homes sales volumes in key international property hotspots surged in 2013, while median sales prices remained relatively constant, according to a new report by Christie’s International Real Estate and Strutt & Parker. According to Propertywire.com , the report focuses on three markets which are experiencing exceptional growth London, Miami and New York, and shows that the number of luxury properties sold, that is those priced over $1m, increased dramatically, surpassing 2012 levels. Overall median sales prices leveled out, despite asking prices for some properties reaching historic highs and buyers were a combination of local residents, overseas investors and a growing number of young millionaires. It points out that the increased demand from wealthy potential buyers looking to invest in real estate is fuelling this renewed housing boom. Overseas buyers had a significant presence in all three luxury markets. In London, Strutt & Parker reported that...
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