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The North American Luxury
Real Estate market is a soap opera in itself. Full of fluctuations
and depreciations, surprises and turns, “beautiful people”
around every corner, and nearly all accompanied by a swarm of realtors
willing to use every trick in the book to make the sale. The U.S. luxury
real estate market has soared in the last few years, whilst some cities
have done better than others - there are some neighborhoods which also
stand out. With regard to appreciation, luxury homes have exhibited
growth as large as in previous years. However, in terms of security
and sustainability, luxury leads the way. As this is our first step
together into the U.S. luxury real estate market, in this issue we’ll
briefly review which places, from our recent experience dealing with
clients within the U.S. and from abroad, are considered to be the U.S.’
foremost luxury real estate markets in terms of buyer's interest, investment
potential, and wondrous beauty.
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Bellingham, in the state
of Washington, is a relatively small city located somewhere between
Vancouver and Seattle and which is growing faster than most luxury
real estate markets across the globe. In March 2005, Kiplinger's
Personal Finance named Bellingham one of the top retirement cities
in the nation. Purchase prices of homes have risen, although rent
has remained relatively stable. Bellingham has seen a resurgence
of real-estate development as house prices climb, caused in part
by new residents moving into the community. In order to accommodate
this growth, new properties have sprung up all over the city.
Bellingham authorities have reiterated their commitment to developing
a vast range of options for all income categories, whilst retaining
the integrity of existing communities. With the waterfront and
mountains all included, it is not hard to see why Bellingham is
on the luxury rise.
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515
N County Road, Palm Beach, Florida. Owned by Donald Trump, this
newly-refurbished beachside palace is one of the world's most magnificent
residential properties. Only the very best fittings were used, and
the views of the seas are unparalleled. Yours for US$125 million.
For more information, click
here. |
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Florida has always been
a hotspot for the luxury home buyer; however, the region continues
to allow buyers to outnumber sellers. Large yachts, international
public and private air access, and the vast culture makes Boca
Raton one of the U.S.’ prime luxury real estate markets.
Boca Raton in particular is a delicately planned, Mediterranean-esque
city with a strict development code, including the size and types
of commercial buildings, building signs, and advertisements that
may be erected within the city limits. No billboards are permitted
within the city, which means no landscape-ruining signs from the
likes of McDonald's - which in the States is a true rarity. Many
buildings in the Boca Raton area have Mediterranean and Spanish
architectural themes.
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Boston, Massachusetts
has always been a hotspot for the luxury home buyer; however,
the region continues to allow buyers to outnumber sellers. Large
yachts, international public and private air access, and the vast
culture makes Boca Raton one of the U.S.’ prime luxury real
estate markets. Boca Raton in particular is a delicately planned,
Mediterranean-esque city with a strict development code, including
the size and types of commercial buildings, building signs, and
advertisements that may be erected within the city limits. No
billboards are permitted within the city, which means no landscape-ruining
signs from the likes of McDonald's - which in the States is a
true rarity. Many buildings in the Boca Raton area have Mediterranean
and Spanish architectural themes.
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