In 2021, at least 40 residential properties sold for more than US$50 million in the US, according to data compiled by the appraiser Miller Samuel.That’s about a 35 per cent increase over 2020, which was also a record year. “The surge in this tier is unprecedented,” says Jonathan Miller, the company’s president and chief executive officer. “We’ve never seen this kind of growth.”Fuelled by a booming stock market, low interest rates, and a pandemic-era’s heightened emphasis on home life, prices…
Source : South China Morning Post
Read more…The eight priciest US homes each sold for at least US0 million in 2021 as cheap money piled into fixed assets
