Monday, March 10, 2014

Luxury real estate restarts the United States

Florida sales above $ 5 million are booming.

This area , brand new, is located in the upscale neighborhood of Miami, one of the fastest growing American cities . It consists of a main property , a house for guests and a large indoor pool. Nearly 1,000 m2. Everything comes fully decorated. There are even paintings on the walls : two Picasso and Rembrandt. A gem for which the developer calls the tune of $ 28 million . Very expensive ? Maybe. But the United States , the market for luxury real estate is in full reboot. Florida 697 transactions exceeded five million in the past twelve months , an increase greater than 40 %.

As demand recovers, prices are on the rise. " + 30 % last year but we have not yet returned to the heights of 2007, before the crisis ," said Betty Graham. Inflation is seen in New York where buyers are snapping up apartments in three towers currently under construction in Manhattan. In the second quarter , the average price of a condominium in these new programs has climbed 7.93 million against 5.76 million in the first quarter , an increase of 37%. In early 2012, the daughter of Russian billionaire Dmitry Rybolovlev , bought a pied-à -terre in Manhattan for $ 88 million .

Three cities are most affected by the soaring prices : New York, Los Angeles and Miami. Destinations that attract billionaires from around the world . Thus, a French just paid $ 40 million for a house overlooking the beach in Malibu , near Los Angeles. A Chinese made a check for $ 34 million for a property on Sunset Boulevard in Beverly Hills. A very visible internationalization Florida : "30 % of real estate sales are made with 14% foreigners with Canadians ," said Betty Graham. With community groupings : many Chinese buy beautiful houses in Pasadena, northeast of Los Angeles. Others have difficult to understand behaviors. " The parents of a Chinese student pay him a suite 2.5 million in a Ritz-Carlton Hotel in Los Angeles, because it is close to the university ," said Betty Graham.

Versace 's house in Miami hard sell

Nonetheless, for these high-end goods, any failure is unacceptable . Thus, the beautiful Miami home where designer Gianni Versace was murdered in 1997 has struggled to find a buyer. Simply because if it is close to the sea it is also located a few meters from a busy road . It is therefore difficult to secure access . Result , the current owner Peter Loftin , who went bankrupt , put it on sale there six months.

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