Nearly half of U.S. luxury homes sold are purchased with all cash ... Now, that five-bedroom, 6,767-square-foot Bel-Air mansion is up for sale asking $8.9 million. Robb Report Existing-Home ...
the sight of empty mansions is not a new phenomenon. According to him, the boom in Accra’s real estate market has led to an oversupply of luxury homes. “Many of these properties are built by ...
Just as the mansion tax has potential advantages, it can have downsides as well. 1. The tax may discourage luxury home-building It’s been happening for a while now: homebuilders are downsizing.
Many point to LA’s new mansion tax — a 5.5% levy on homes ... LA saw a 68% nosedive in luxury home sales after the tax kicked in on April 1, 2023, according to the MLS. Other fancy areas ...