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NEW YORK AND LONDON.- A survey of the world’s leading luxury real estate brokerages that comprise the Christie’s Great Estates international network reveals that despite the widely reported downturn in housing, high-value real estate in many markets worldwide have sold in record numbers and at record prices.

“Recent news stories about housing prices have failed to report on the robust sales achievements in the luxury real estate sector,” says Kay Coughlin, President and CEO of Christie’s Great Estates, the world’s leading luxury real estate organization. “The high-end category worldwide continues to outperform expectations.”
 

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May 2, 2008 by alice cooper (not verified)
The upmarket properties will remain the strongest as many rich people dont need a mortgage, Seattle is one of the least affected cities in the States.
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February 20, 2008 by daytonabeachrentals.us (not verified)
Another great reason to sell luxury property. I do see a bigger market in the 500,000 to 3,000,000 homes than in higher prices homes due to inventory. Florida has always had beautiful luxury homes for those who wish to buy some at the coastlines and some in Orlando area.
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February 19, 2008 by Ormond Beach Realty (not verified)
Another perk to selling luxury real estate is that even in a buyers/sellers market home sales continue at an even growth. Working in the Luxury Real Estate industy will put you in touch with alot of very interesting people. Touring beautiful mansions and estates can be a truly enjoyable way to work.
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February 19, 2008 by Toronto real estate (not verified)
Truly, I am dealing with many Toronto houses, some of them I would call "Dreamhouse" and they are big hit all the time, if there is recession within the market or not. Rich people want nice big houses and they are willing to pay for it, especially when it is combined with ecellent position as for example here, in Toronto...
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February 13, 2008 by Atlanta GA Luxury Homes (not verified)
The Atlanta luxury homes market is holding fairly strong as well. While the days on market have increased, so has the appreciation rate.
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February 13, 2008 by Lake Mary FL Real Estate (not verified)
Luxury sales in our area has always done well. Living in Florida the worlds most visited vacation destination there has always been a strong luxury sale community and not just at the coastlines. Many people obtain a second home to vacation to and someday retire to. They invest in wonderful homes and communities.
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February 13, 2008 by chris heath (not verified)
Generally New York and London wont be too affected by the local property market because they are International cities and money will continue to flow in from some part of the world because of their political stability
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