"The number of super-wealthy
continue to increase while that of the mid-level wealthy drop,
having lost economic power over the past few years," said
Dimitri Corti, founder of Lionard Luxury Real Estate -
http://www.lionard.com/ - a company operating in the most
expensive segment of the real estate market of luxury
residences.
"Luxury real estate is doing well," Corti said, "after years
of crisis it is reaching a good balance between demand and
supply. Maturity is being shown by sellers, who understand that
what may have cost 10 million euros can be sold for 7, as well
as by buyers who understand that this is an opportunity to seize
while they have the chance."
Ultra high net worth individuals (UHNWI), super-wealthy
people holding assets worth over 100 million dollars, and those
who want to buy properties worth over 30 million seem to be the
driving force behind the most exclusive segment of the market.
"They are able to decide on an important purchase in a single
day," Corti stressed. "They engage in impulsive choices
especially as concerns very expensive purchases and we at
Lionard are very good at this, we want to get them excited"
about luxury real estate options.
In 2017, the Florentine company achieved 8.7 million euros in
turnover, tripling the 2016 figure with an outlook to grow even
more in 2018. After the opening of a new office in Mila, Lionard
Luxury Real Estate is now looking to open one in Rome and 12
others in the next five years, with Cortina, Porto Cervo and
Lago di Colo among the options currently under discussion.
ALL RIGHTS RESERVED © Copyright ANSA
