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Luxury Real Estate's Global Elite
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The ultra-wealthy are creating a distinct real estate realm in top cities, detached from local economies, engaging in a high-stakes global competition for prestigious properties. Hiten Samtani explores this elite market's evolution, highlighting significant deals, brokers, affluent buyers, and the emergence of branded condos.
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How does the detachment of ultra-luxury real estate from local economies impact housing affordability and inequality?
In what ways does the global game of one-upmanship in high-end real estate reflect broader societal values and aspirations?
What regulatory measures or ethical considerations should be explored to address the disparities created by this elite real estate market?
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