From CNBC: 2024-09-10 07:00:01

In May 2024, Tarpon Island in Palm Beach, Florida sold for $150 million, the largest deal of the quarter.

Ultra-luxury home sales surged in New York, Miami, and Palm Beach in the second quarter. New York led with 72 $10 million-plus sales, followed by Miami and Palm Beach.

Dubai leads in ultra-luxury real estate with 85 sales in the second quarter, known for its friendly tax regimes attracting the ultra-rich.

London saw one of the largest declines in $10 million-plus home sales, plunging 47% from the previous year due to fears of higher taxes.

Interest rates falling worldwide expected to support sales in the second half of the year, encouraging purchases of luxury properties.



Read more at CNBC: Sales of $10 million homes surge in Palm Beach and New York