Why the Luxury Real Estate Market Is Starting to Cool Off

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After several years of rapid growth, the market for luxury real estate across the globe appears to be cooling off. Sales of homes priced at $1 million and higher increased just 1 percent last year, after enjoying increases of 8 percent in 2015 and 16 percent in 2014, according to a new report from Christie’s International Real Estate. Prices for luxury properties inched up 2 percent worldwide, but fell 3 percent in the United States.

May 12, 2017 at 07:12AM

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