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 March 15, 2007
World's Super-Rich Keep Costs of Exclusive Properties High
In the world's most attractive cities, prices of exclusive high-end residences and properties continue to increase despite the overall slowdown of the real estate market in the United States.
The small yet influential groups of buyers are business men and women who work and make their fortunes in the most glamorous cities around the globe from Shanghai to Moscow and San Francisco to New York.

The global property research firm of Jones Lang La Salle reports that approximately 50% of these buyers are expatriates.

These people operate on a cushion of world-wide capital which is largely unaffected by any regional concerns, and have a large amount of available cash at hand. 2006 was especially good for the traders and bankers who received huge bonus payouts this February.

The demand for exclusive luxury housing in the world's most desired cities has greatly diminished inventory, largely due to the vast amount of cash floating about amongst this group of buyers. Minimal inventory coupled with the high demand has caused prices to skyrocket.

The target market for this particular group of buyers is minute when it is realized that the properties that are desired are situated on probably less than 100 streets around the entire world.

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