Highlights from the current week’s top news stories on luxurious estates and properties, art, collectibles and home.
$9,995,000 USD | Washington, District of Columbia | TTR Sotheby’s International Realty
“This home is less than three blocks from the neighborhood epicenter of Wisconsin Avenue and M Street NW. Originally built in the 1960s, the renovating architects secured the necessary approvals to make structural changes to the home, which led to its $8 million renovation in the early 2010s.”
In Washington, D.C., a Townhouse Transforms into a Futuristic Playground – Mansion Global
For Sale: Five Unusual Home Conversions – Financial Times
When Selling a New Penthouse, Timing is Money – Mansion Global
Among the Bright Lights of Times Square – The New York Times
This $3.4 Million Florida Home Has a Musical Pedigree – Architectural Digest
How Food Festivals Sell Homes – Wall Street Journal
Chinese Buyers are Snapping Up Luxury Condos in Boston – Mansion Global
10 Dream Penthouses that take City Dwelling to a Whole New Level – Elle Decor
Woolworth Building Unveils New Look at its Luxe Condos – Curbed
Rare Chinese Teapot from Qianlong Dynasty Sells for £2.6 Million – Daily Mail
The post Luxury Real Estate Headlines: Third Week in September 2016 appeared first on Sotheby’s International Realty | Blog.
Strong economic indicators along with greater demand are two extremely important factors to look for when deciding to build your luxury home—whether you’re buying it for your personal use or strictly as an investment.
Why?
Because if and when you decide to sell your property, you want to be in a place where there is enough demand to be able to secure a premium price and return on your investment. Right now, Los Angeles is one of the few places in the country where these conditions exist in a strong enough fashion to lend confidence to smart building projects.
In fact, Los Angeles has taken its place in the list of “The Top 10 Booming Markets for Real Estate Development” across the country and comes in at number 9 in Moneywatch’s Top 10 Luxury Real Estate Markets around the world.
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