Rebounding Economy Triggers Growth in Luxury Real Estate Market

RIS Media

The luxury market has seen a marked increase in activity the first half of the year, in large part due to the healthy return of the North American luxury real estate market, as well as the return of second home purchase activity. Growth has been notable not only in the number of high-end listings being marketed by member firms, but also in the number of companies joining the organization.

The increased activity is reflected on Luxury Portfolio International’s website, www.LuxuryPortfolio.com, which currently markets 18,500 properties, 20 percent more listings than this time last year.

Luxury Portfolio International, a global network of real estate firms, sees this growth being reflective of the activity most affiliates are experiencing in their local markets.

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