Ultra-luxury housing market slows, but still moving

ultra-modern-luxury-house-plans-luxury-modern-house-designs-luxury-homes-in-england-881613703The slowdown in the ultra-luxury real estate market is a product of various factors

By Kimberly Manning | inman

On the heels of Brexit, the ultra-luxury housing market is in question.

Mega-mansions and lush estates in Los Angeles are prone to price cuts, according to a recent story in the Los Angeles Times, but the slowdown was somewhat expected this year even before Britian’s vote. The oil turn, global economics and rising home prices in the U.S. have all added fuel to the fire.

And although L.A. isn’t seeing nearly as impactful a shift as Manhattan and other condo-driven, ultra-luxury markets, the market is still slowing in the long run, according to real estate analysts.

Continued:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories