So why are ultrahigh-end home prices still rising, with some prices reaching up to an astronomical $175 million? It's a simple matter of supply and demand, say brokers from hot markets like Manhattan, the Hamptons, Palm Beach and both ends of California. While there's a national glut of McMansions in the $500,000 and up range, there's a shortage of trophy properties on the market and an increasing number of wealthy foreign buyers from Asia and Europe looking to capitalize on the weak U.S. dollar.
-Newsweek 01.30
Grey Oaks Naples FL Luxury Real Estate - click here to see homes for sale.
Subscribe to:
Post Comments (Atom)
1 comment:
Well said.
Post a Comment