Beverly Hills Luxury Real Estate
The Beverly Hills & Los Angeles luxury real estate markets are being described as a global opportunity “Up & Coming Luxury Market” by some of the world’s wealthiest Buyers. The term “Up & Coming” is often used, which is surprising to hear when referencing one of the world’s most gentrified communities. It’s important to note that but a global scale, LA & Beverly Hills property values for the last 2 decades have been anywhere from 30% to 50% less than other major metropolitan cities, such as London, Moscow, Paris and Hong Kong.
The Los Angeles luxury real estate market currently shows tremendous opportunity for Buyers in ALL price ranges, from the entry level $1M to $5M markets and all the way up to properties valued at over $100 Million. In addition to the “value” when compared to other international cities, the California real estate market is currently stable and the state has strong economic growth. Another factor is the volatile world situation in Eastern Europe and the Middle East and the ability of foreign Buyers to purchase property, with basically the same ownership rights as a USA citizen. Of course, the Southern California lifestyle is often the most important reason for many Buyers to purchase and invest in a property. Southern California also offers year round mild weather, excellent schools, beautiful beaches, world class museums & entertainment, luxury shopping and fabulous restaurants.