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Bloomberg Businessweek

Luxury Home Prices in Asian Cities Rise Amid Decline in Established Markets

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The chapter delves into the current trends in luxury home prices in select Asian cities versus established markets like New York and London, with insights from a real estate broker. The discussion covers changes in market conditions, interest rates, and property transactions, highlighting the impact of COVID on decision-making. Additionally, it explores the reasons behind the prevalence of cash deals over financing in real estate transactions, emphasizing negotiation power and transaction speed.

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