The sale and supply of luxury homes reached a new high in Q1 2022, with the highest sales and supply in three years driven by pent-up demand, benign interest rates, and stable prices, as per a report by Anarock property consultant.
Luxury property accounted for 12% of overall sales in Q1 2022, up from 7% in Q1 2019, as ultra-high-net-worth individuals hurried to purchase larger homes to accommodate the need for more room during the pandemic.
Source: Economic Times
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