Issue link: http://papercitymagazine.uberflip.com/i/452972
johndaugherty.com John Daugherty, Realtors Presents Market Pulse: Paris, San Fr ancisco, Tokyo JOHN DAUGHERTY, REALTORS has access to local expertise in any real estate market, anywhere in the world, through our affiliations with the global networks of Leading Real Estate Companies of the World, Luxury Portfolio International, Board of Regents Luxury Real Estate, LuxuryRealEstate.com, and Mayfair International Realty. As Luxury Portfolio continues to monitor the latest activity in luxury real estate, it's putting the spotlight on three of the world's top international markets: Paris, San Francisco, and Tokyo. The following is just a snapshot of their latest findings, so stay tuned for more on luxury real estate's most coveted destinations! Paris Highest recorded sale in last 12 months: €42 million (US $52 million). International buyers are coming from: United Arab Emirates, Brazil and the US. The market is currently: A buyer's market. Top 10% of inventory across the markets: About €20,000 (US $24,876) per square meter. The bottom line: Foreigners are back and no longer concerned about new tax laws. san Francisco Highest recorded sale in last 12 months: San Francisco – US $15 million; all Bay Area – US $40 million. International buyers are coming from: China mostly, but other par ts of Asia as well. Luxury buyers are looking for homes with: Smart technology, spectacular views, wine cellars, and home theaters. Top 10% of inventory across the market is: US $7.5 million and above. The bottom line: Tech money from Silicon Valley is driving a white-hot Bay Area market. Tokyo Highest recorded sale in last 12 months: ¥1 billion (US $10 million). Most international buyers are coming from: China, Hong Kong, and Taiwan, with recent activity from the US and UK. Luxury buyers are looking for: Condos within multipurpose developments (residential, offices, shopping malls, hotel-type developments). The bottom line: Much of the luxury inventory never makes it to market, but there's more activity now than any other time in the last 6 or 7 years. Visit this exceptional Parisian property on luxuryportfolio.com MLS #0075-07-8603090, $24,075,013 • Daniel Feau Conseil Immobilier, SA. Established 1967 ALEXANDRE BRIDGE, SEINE RIVER, PARIS FLOWER CONSERVATORY, SAN FRANCISCO RAINBOW BRIDGE, TOKYO