Mega mansion home sales collapse in Los Angeles
The Dubai Chronicle reports: No matter the geographic region, property transactions over the past year became increasingly challenging, as stated in the latest issue of Global Capital Trends by Real Capital Analytics.
While sales of significant properties globally is down by 57% in 2008, it seams that real estate is hit harder in luxurious neighborhoods. In an indication of just how far and how fast US economy has fallen, sales of 8-figure homes – those priced $10 million and above – have fallen tremendously in the second half of this year.
View the full article on The Dubai Chronicle: Mega mansion home sales collapse in Los Angeles
Posted by: Nina Turner