Sales of $100 Million Homes Rise to Record Worldwide – Bloomberg Business

April 30th, 2015 by admin

If your employers are picking up any of these fine homes, please call us for staff!

The ultra-luxury housing market is scaling new heights as a record number of properties around the world command prices topping $100 million.Demand for mega-mansions and penthouses has accelerated as wealthy buyers seek havens for their cash and search for alternative investments such as art and collectible real estate, according to a report Thursday by Christie’s International Real Estate, owned by auction house Christie’s. Five homes sold for more than $100 million last year, with at least 20 more on the market with nine-figure asking prices, the brokerage said.“You’re looking at a universe of over 1,800 billionaires who are starting to become members of this club of collectors of the most unique and incredible real estate in the world,” Dan Conn, chief executive officer of Christie’s International Real Estate, said in a telephone interview. “It’s something they’ll hold onto for a lifetime, the same way they’ll hold onto a Picasso or a Warhol or any number of the great pieces of art we’ve sold over the years.” Sales are likely to increase this year with more newly built properties and off-market homes trading for at least $100 million, Conn said. Demand is growing among affluent Americans and Europeans; billionaires from unstable economies, such as Russia and Middle Eastern countries; and buyers from mainland China, who were barred from investing overseas before 2012 and since have snapped up houses in cities including Hong Kong, Los Angeles, New York and London, he said.

Source: Sales of $100 Million Homes Rise to Record Worldwide – Bloomberg Business

Posted in Luxury "Things", The World of Wealth


(comments are closed).

About domesticblog – Domestic Employment and Staffing News for Luxury Homes and Estates

This blog is written and managed by Domestic Placement Network, LLC. Our full service Domestic Staffing Agency provides experienced, professional, domestic staff to exclusive clients. Please visit us at www.dpnonline.com for more information. Our Industry leading Job Site www.estatejobs.com is a professional job board for employers, agencies, and domestic professionals to connect through targeted job listings. Please call anytime with questions about our full range of domestic staffing services. 805-640-3608.