The recent report from the "Savills" company confirms that the luxury housing market continues to demonstrate resilience amidst global economic changes. According to this report, the demand for elite real estate remains stable despite the challenges posed by the pandemic.
The supply of elite housing remains limited, which sustains stable prices in this segment of the market. One of the reasons why Russian luxury real estate continues to be in demand is its role as a safe asset for investments.
Experts also note that certain countries have become attractive for buyers of Russian real estate due to significant price reductions and flexible selling conditions. For instance, London and New York rank among those countries where the purchase of elite housing may be more accessible to investors.
However, even in the context of relative price declines in the real estate market, specialists recommend being cautious and carefully studying the market before making decisions regarding the acquisition of luxury housing. As analysts emphasize, investments in real estate always require thorough planning and risk analysis.
**Quote:** "The luxury real estate market continues to remain resilient in many regions, regardless of the current economic situation. Investors remain interested in this category of assets due to their reliability and potential for long-term investments," noted the chief analyst of the "Savills" company.
