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Luxury real estate
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Luxury real estate (or luxury property in British English) is the real estate market niche targeted to high-net-worth individuals. These individuals tend to own multiple homes in numerous locations across the world. Definition The characteristics that define luxury real estate differ among countries. However, the location largely defines the property's value, especially with respect to whether it offers views (particularly, waterfront ones) or amenities such as proximity to golf courses, school districts, and the downtown district. Thus, a waterfront home with less than of property might be worth more than a mansion with of property. Luxury real estate is often defined as real property that has an appraised value of over $1 million in the United States, yet this varies greatly depending on the location. The classification also takes into account the presence of surrounding homes, amenities, views, waterfronts, absence of crime-rate, industrialization or unwanted commercialization, customizations of the home, and historical or architectural significance. Differences from ordinary real estate Luxury real estate entails greater responsibility for agents who handle transactions than ordinary real estate. They must advertise to a national audience to attract non-local buyers, whereas ordinary real estate only generally requires exposure in local media. and Previews published by Coldwell Banker. The Robb Report is a lifestyle magazine featuring many products, including real estate, but is not a captive of a real estate agency. "PrimeResi" is a trade journal for the luxury real estate industry, published in London. 
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