Modern Trends in Global Luxury Dwelling Market Cover Image

Съвременни тенденции на пазара на луксозни жилища в световен мащаб
Modern Trends in Global Luxury Dwelling Market

Author(s): Kristian Valchev
Subject(s): Marketing / Advertising
Published by: Икономически университет - Варна
Keywords: Luxury home; Market; Real estate; Search
Summary/Abstract: The world real estate market has long-standing traditions and a sustainable segment of luxury homes. This property has different characteristics and price ranges across continents, but what sums them up is demand and added value. This added value in different parts of the world is expressed in a different form, but its characteristics such as location, sight, individuality continue to be a leading motive for their purchase. Despite declining demand and housing prices in the luxury segment as a consequence of the global financial crisis, the economy is recovering over the last three years, and interest is resumed. Some of the markets remain too intense in their growth, while others still balance the supply and demand gap.