Here are some current news stories on luxury real estate worth checking out:
- Calgary luxury home sales soaring this year
Calgary Herald (blog)
Ever wonder why Calgary average home prices are high? One factor is the appetite for the luxury product in the city... - Sluggish luxury home sales plague city
Shanghai Daily
"Luxury home sales have been declining for three consecutive months in Shanghai since August and in the top-tier market – involving new houses costing more than 100000 yuan per square meter on average – sales almost grounded to a halt in September and..." - Non-British Investors Go Shopping in London
Wall Street Journal
A shortage of space on London's most prominent shopping streets and an abundance of cash-rich international buyers will continue to drive rents and property prices higher, according to projections by industry experts... - Luxury London homes best bargain for Chinese buyers
Reuters
Chinese luxury home buyers are leading a legion of cash-rich non-UK investors in search of upmarket London homes, with demand driven by currency exchange rates that produce discounts of up to a quarter on purchase... - UK Tax-Office Team to Target Rich With Property Overseas
BusinessWeek
The HM Revenue and Customs “Affluent Team” will mine data to identify people who own properties abroad that they don't appear able to afford on their declared income as well as those who fail to tell tax officials about any income or gains... - Rich snapping up lux Hamptons homes
NY Post
The rich are scooping up luxury homes in the Hamptons again -- in volumes that haven’t been this high since the good ‘ole days pre-Lehman..
