Interesting article at CNBC.  Monaco, Hong Kong, & London are the most expensive prime markets in the world, priced at 17, 20, and 22 square metres for U.S. $1 M.  New York City ranked as most expensive U.S. city, with $1 million buying 27 square metres (290 square feet).  Some notable values include Berlin and Tokyo at 96 and 83 square metres per $1 M, respectively.  Florida’s prime market of Miami is a global value at 77 square metres per $1 M.  Best value for prime markets in world are found in Cape Town, South Africa and Sao Paulo, Brazil, at 255 and 203 square metres for U.S. $1 M.

Here is original article:  What $1 Million Buys You in Global Market

Interesting article on current trend of sellers overpricing their homes.  Lately there has been a lot of price reductions – so many, that at times there are more price reductions than new listings.  Sellers need to be conscious of potential appraisal issues and be smart in pricing their home strategically to best optimize marketing efforts.

Here is original article:  Homes Reduced to Sell

Interesting article from Architectural Digest on Luxury Trends –
Click here for more:  Luxury Trends – Architectural Digest

• Mega Master Suites
• Wine Rooms
• Upgraded Pools – Infinity-Edge; Saltwater
• Screening Rooms / Theater
• Wellness Center – Sauna, Spa, Egyptian Bath
• Double Appliances
• Better-looking HVAC Vents
• Nightclubs