Saturday, May 21, 2016

Across the world, luxury-home sales get a reality check

WASHINGTON (AP) — The global luxury housing market lost some of its sheen last year as financial markets became unsettled and many wealthy buyers began to look for less expensive homes.

"The return of realism," is how Dan Conn, chief executive of Christie's International Real Estate, described the high-end market that stretches from San Francisco to Singapore.

Read more. ..http://bigstory.ap.org/article/97510723a4624f1cbf43f8204a28ab10/across-world-luxury-home-sales-get-reality-check

Reuters: Financial Services and Real Estate

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