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Luxury real estate 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. 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 or amenities such as proximity to golf courses, school districts, and the downtown district.
Residential real estate is a type of property, containing either a single family or multifamily structure, that is available for occupation for non-business purposes.