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| Some
people have a lot of money. |
Luxury real estate (or luxury property in British
English) is the real estate market niche targeted
at the highest socio-economic group of consumers.
Luxury real estate is often defined as real property
that has an appraised value of over $1 million in
the United States, yet this varies greatly depending
on the location. The classification also takes into
account the presence of surrounding homes, amenities,
views, waterfronts, absence of crime-rate, industrialization
or unwanted commercialization, customizations of
the home, and historical or architectural significance... |
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