Luxury home market — and millionaires — on the mend

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Toll’s good news on the luxury home front was joined by the release of encouraging industry data showing July new home sales jumped a surprising 12% versus June and were up 31% versus weak.

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According to Savills’s Spotlight on the Alpine Property Market Report, the recovery in the Alpine real estate market, led by the ultra-prime resorts, has spread to the rest of the region with infrastructure investment spurring new development. British buyers are returning as a weak euro poses buying opportunities in France, Austria and Italy.

The second largest sector on the ADX by market capitalization as of end-May 2016 is that of real estate, with a 33.75% share of the total. While four stocks are represented on the index, Aldar makes up the lion’s share of the real estate sector’s market capitalization at AED21.15 billion ($5.76 billion) by end-1H16.

The estate agency market agrees that the sub-R2 million sectional title market and the house market of up to R4 million is showing the most activity in the country. "The demand in these segments far outstrips supply where price growth can be expected.

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The housing market is on the mend. Home prices rose 10.8% year-over-year in April, according to the Case-Shiller 20-city home price index. Meanwhile, sales of new homes jumped 18.6% in April to a.

The housing market is making strides, but is still recovering from the worst crash in decades, according to a new report from the Harvard Joint Center for Housing Studies. Home construction has.

Puerto Vallarta`s Luxury real estate market. Considering the economy across the globe is on the mend and the luxury market is on the rise, there’s never been a better time to invest in property in Mexico.

The number of Chinese millionaires rose 10 per cent last year and is expected to more than double to over 1.7 million by 2026, according to research by Johannesburg-based consultancy New World Wealth.

Luxury home market – and millionaires – on the mend Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing.