The New York Times reports that US millionaire home owners are having a hard time selling their homes and are turning to wealthy tenants to save the day. Jack Cohen, a developer in suburban New York, is having a difficulty selling a house that he built and put on the market for $3.75 million. Sheldon Dubrow, who is also a builder, is finding selling his Millionaire home in...
Luxury property
Owners of million pound homes appear to be increasingly turning to the internet as they strive to sell their property in a market which can pose many challenges to sellers.The sale of a home which is over the million pound mark is a practice substantially different from selling other types of real estate, with genuine luxury home buyers proving a rare breed within today's market.In response to these...
The popularity of luxury properties in Canada is currently on the increase, according to a new report. A study by Canadian real estate company Re/Max has reported that the demand for this type of property has reached an unprecedented level. According to financial group Canoe Money, the real estate agent reports that the rate at which expensive home sales are increasing has never been seen before in any...
The price of prime central London property is growing at its fastest rate for five years, according to one leading estate agent. Knight Frank reports that prime property prices in central London rose almost 15 per cent year-on-year in April, the 16th consecutive monthly rise and the highest jump for five years. Liam Bailey, head of residential research at Knight Frank, said that the boom was actually...