BBC NEWS Global High-End Housing Market
According to a report by the BBC News the "super rich continue to spend eye-watering sums on new homes."
This is a good thing for Phuket's ultra villa market.
Highlighted in the perspective is the recent USD88 million sale of a New York penthouse condo to a Russian billionaire.
While the global financial crises shut down the party with a mounting period of uncertainty, "wealth watchers (love this term) say it has bounced back with a vengeance."
I'm remained by one of those Bruce Willis Die Hard epics though this time snacking on some nearby caviar and truffles.
Locations mentioned by the BBC include India, the Hamptons, and another Russian in the news – Yuri Milner's USD100 million Silicon Valley purchase of a mega property.
It's interesting to note the trend which is many of these transactions are not for primary homes but second, third, forth or simply investment driven.
Some of the lighter sides mentioned is how real estate brokers Google prospective clients and deal with those who wish to be under the radar.