Hong Kong Luxury-Homes Market Eclipses London
ByHong Kong has overtaken London as the world’s top market for luxury homes after seeing a record number of $100 million-plus deals.
Four out of the record 10 homes that sold for this amount last year were in Hong Kong, according to a Christie’s International Real Estate survey published Wednesday. London, which notched up two $100 million deals, dropped to second place in the broker’s luxury-homes ranking for the first time in its five-year lifespan. New York retained third place.
Peaks in markets like Hong Kong have been set against “more turbulent waters witnessed in deep markets like the U.K., which has had to deal with an election, new taxes from a Conservative government, Brexit, and yet another election,” Dan Conn, CEO of Christie’s property division, said in a statement…
Hong Kong Luxury-Homes Market Eclipses London
