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Millionaires Prefer North Texas

The highest end of the real estateNot all customers are interested in
market seems to be well beyond the woespre-exizting homes and building sites in
of the rest of the world. Claims of athese areas are also in high demand.
downturn in the real estate market haveWith easy access to the petroleum,
had little effect on the luxury markettelecommunications, IT, and commerce
in North Texas - in fact, sales ofindustries, North Texas is a great
Dallas area mansions are up 25 per centlocation for the big business players.
at a time when the lower-end of theThe proximity to the Dallas/Fort Worth
market is dropping. Financing conditionsAirport, one of American Airlines' hubs,
that may prohibit those in a loweris an added bonus, allowing a painless
income bracket are less of an issue tocommute to international destinations.
the multi millionaire crowd. TougherIt's no surprise that this area has one
conditions may make the market trickierof the highest concentrations of
to break into for first time buyers, butbillionaires in the world, but living in
with booms in the energy industry andNorth Texas is just plain attractive,
the stock market, a whole new crowd ofregardless of your income bracket: with
multi million dollar buyers, many ofa humid, subtropical climate and an
them young people, have popped up. Inaverage of just three days of snow a
the first six months of 2007 over 500year, the weather appeals to the super
million-dollar homes were bought inrich and just about anyone else.
North Texas, proving that this areaDallas's happening entertainment scene
continues to be attractive to theincluding restaurants ranked number one
upwardly mobile.by Zagat, more eateries per capita than
From custom homes in gated communitiesNew York City and a new multi-venue
to turn of the century charm, it's easyperforming arts center including an
to see why neighborhoods like Frisco,opera house due to open in 2009.
Bluffview, Preston Hollow and ParkThe old adage rings true here: Location,
Cities (including the prestigiouslocation, location. North Texas is
Highland Park) are attracting the bigclearly a preferred setting, and the
money. North Texas features a variety ofmulti million dollar homes in this area
architecturally stunning homes includingwill continue to sell for exactly this
French Country estates, Tuscan stylereason.
villas and classic English Tudor homes.



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