Bloomberg reports: London Luxury-Home Prices Increase as Bankers Return.
"Nov. 30 (Bloomberg) — Luxury-home prices in central London rose on an annual basis for the first time in 17 months as bank and hedge-fund executives bought houses and apartments in anticipation of bonuses, Click here to read full article. It will be interesting to see if a similar trend emerges in the US. The Luxury Market on the Vineyard has been quiet active since the beginning of summer, there were over 60 sales $1 million dollars above in the past 12 months. The previous 12 months 2007-2008 there were close to 80 sales over $1 million. There are a few deals to be had in this segment of the market, some waterfront lower than it has been in many years and come great in-town Edgartown properties in the $2-3 million bracket.