With the real estate market at a standstill, the ultra-rich are snapping up distressed luxury goods.
The ability to access cash is essential in the current environment, where some wealthy investors see opportunities. Real estate is one of the main asset classes held by ultra-rich families, accounting for more than one-fifth of family office assets. Rather than...
How is the real estate industry in Australia coping with Covid-19?
Like in many Asian markets, property auctions are mainstream in Australia; live auctions in Australia are not restricted to distressed properties. On-site auctions are widely used across the whole property spectrum, including luxury properties. Covid-19 is now forcing...