Jul
23
Property Thoughts, from an anonymous Englishman
July 23, 2013 |
I note that two fairly high profile properties along the beach in Malibu have cleared (David Spade's home & Kurt Russell/Goldie Hawn's home). Both were on offer for circa 15 million last year and have cleared at circa. USD 10 million. I also noted substantial East Coast properties clearing well below recent years' asking prices over the past 12 months. The system works in the USA– Across the whole spectrum of prices. It is markets that have not had a discontinuity is two decades (Notably Australia & Central London) that appear headed toward a negative air-pocket.
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