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Expectations for a market recovery in luxury real estate--- an illusion.

Expectations for a market recovery in luxury real estate--- an illusion.   This time we want to share some important information about the trends of the luxury real estate market in Costa Rica.  Last year the market was very slow and with few exceptions, merely homes with large discounts got sold.  The truth is that in year 2010 most luxury homes were sold with discounts in the range of 20% up to 50%, which is bad news for home owners who are obviously hoping to sell under better terms.    There are of course exceptions, but the general rule for luxury home buyers is to get the largest discount possible out of the deal.  Basically, there are strong reasons for this.  Firstly, most properties in the most popular markets have suffered aggressively as a result of the real estate and financial crisis.  This article is an example, “in more than a decade, the average price of a home in Orlando dropped to less than $100,000” http://www.proper...
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When UNIQUE is Unique!

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