Millennials go beyond London, New York for luxury realty shopping

Luxury real estate developers may have seen a slowdown in recent years, but that doesn’t mean big spenders aren’t shelling out for prime property — except that they are doing it overseas. According to reports, while the usual suspects such as London remain the top choice for billionaire buyers like Flock CEO Bhavin Turakhia or actress Alia Bhatt, a newer crop of millennials prefers assets in markets that offer higher rental yields. Such locations include Spain, Portugal, and Malta, among others. Amit Goyal, CEO of Sotheby’s International Realty in India, says, &ld.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.