What does luxury mean to you?


AA: It's something that is between high creativity and high quality. It's art. But luxury has become easier to buy, so it has somehow lost its value. The worst are the five-star hotels, which are called "luxury".
MG: What will be the next luxury property center in your opinion?
AA: The  United States remains a rich market and Americans will travel further north and south instead of east and west. We will see them buying houses in Canada, the Caribbean (places like San Bartolomé and Santo Domingo) and South America. The next big real estate boom will be along the vertical axis, from Greenland to Ushuaia in Argentina.
There is a lot of room for growth in Latin America in terms of prices. In S ã o Paulo, a place with 79 billionaires, you can buy an apartment for the price of a dip in Manhattan. Life there is amazing and there are a lot of opportunities.
MG:  What is the main surprise of the luxury real estate market today ?
AA:  The physical concentration of the population. If you want to make things happen, there are places where you have to be. California's Silicon Valley is the first example. People who work in the digital world can be anywhere, but they are always in the same place. There is a value in being physically together.

That is reassuring for the future of the luxury real estate market. There are no more deserted islands and people move less and less.
Best property developer in Lahore

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