Demand will outstrip supply in global luxury market: report
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The world’s population is getting richer, and they want to spend that wealth on luxury real estate.
The international luxury residential market will see more demand than supply over the next three years, with 25 percent of high-net-worth individuals expected to buy high-end real estate compared to the 17 percent who want to sell, according to a new report from Luxury Portfolio International, a conglomerate of more than 200 brokerages around the world.
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Source : Demand will outstrip supply in global luxury market: report