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