PPP KINGDOM

PPP KINGDOM

THE MOST EXPENSIVE HOUSING MARKETS FOR BILLIONAIRES

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Unlike the volatile global housing market, the ultra-prime real estate market of the world’s billionaires has performed well throughout the economic downturn, according to a new study from UK-based real estate firm Savills PLC.

The company’s new “global billionaire” property index of ten major cities shows that prices of the homes of the mega-rich rose by an average of 10% in the first six months of 2011, compared to a growth rate of 6% for ordinary properties in the same cities.

#1 Hong Kong

Price per square foot: $10,415

Average property size: 5,200 square feet

Price change from 2005 to 201083%
#1 Hong Kong

http://www.businessinsider.com/most-expensive-houses-billionaires-hong-kong-new-york-2011-9

Best Regards,

FINANCIAL WARRIOR

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