October 6, 2016
Better equities leads to more luxury
Did you know that the success of the luxury real estate market and the stock market are related?
The correlation between equities and high-end real estate is no coincidence or temporary trend. Within the last seven years, there has been an increase in the sales of luxury properties when stocks are doing well. At present, the stock market is displaying strength, therefore current purchasers should expect a rejuvenated and promising luxury real estate sector for the rest of 2016 and into the new year. Future investors should know that a lot can change in six months within the luxury market, but that is part of the draw of this upscale sector! While ever-fluctuating stock markets and financial circumstances of buyers will always affect luxury realty, this market consistently proves to be dynamic and successful in the long term.
If you’re interested in the luxury real estate market, contact Lakeshore Plus today!