While the premium and unique characteristics (i.e. location, amenities, views, gated communities, customization, size, historical and architectural significance) that define the value of luxury real estate differ among countries, so does the meaning of wealth. In turn, luxury real estate entails greater responsibility for realtors who handle such transactions and needs.
The Wall Street Journal just released the following article titled "The Meaning of Wealth Translated Around the World," which is part of a new Barclay’s Wealth Insights study (Barclays Wealth and Ledbury Research): http://blogs.wsj.com/wealth/2010/05/24/the-meaning-of-wealth-translated-around-the-world/
Any thoughts or comments based on your experiences? Would you use such interesting dimensions to fulfill the luxury real estate needs of your wealthy clients?
Blogged on 2010/05/25 by Jean-Yves Piton
Search Slovenia Luxury Real Estate here: www.acestates.si