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Millionaires Prefer North Texas

The highest end of the real estate market are interested in pre-exizting homes and
seems to be well beyond the woes of the building sites in these areas are also in
rest of the world. Claims of a downturn high demand.
in the real estate market have had little With easy access to the petroleum,
effect on the luxury market in North telecommunications, IT, and commerce
Texas - in fact, sales of Dallas area industries, North Texas is a great
mansions are up 25 per cent at a time location for the big business players.
when the lower-end of the market is The proximity to the Dallas/Fort Worth
dropping. Financing conditions that may Airport, one of American Airlines' hubs,
prohibit those in a lower income bracket is an added bonus, allowing a painless
are less of an issue to the multi commute to international destinations.
millionaire crowd. Tougher conditions may It's no surprise that this area has one
make the market trickier to break into of the highest concentrations of
for first time buyers, but with booms in billionaires in the world, but living in
the energy industry and the stock market, North Texas is just plain attractive,
a whole new crowd of multi million dollar regardless of your income bracket: with a
buyers, many of them young people, have humid, subtropical climate and an average
popped up. In the first six months of of just three days of snow a year, the
2007 over 500 million-dollar homes were weather appeals to the super rich and
bought in North Texas, proving that this just about anyone else. Dallas's
area continues to be attractive to the happening entertainment scene including
upwardly mobile. restaurants ranked number one by Zagat,
From custom homes in gated communities to more eateries per capita than New York
turn of the century charm, it's easy to City and a new multi-venue performing
see why neighborhoods like Frisco, arts center including an opera house due
Bluffview, Preston Hollow and Park Cities to open in 2009.
(including the prestigious Highland Park) The old adage rings true here: Location,
are attracting the big money. North Texas location, location. North Texas is
features a variety of architecturally clearly a preferred setting, and the
stunning homes including French Country multi million dollar homes in this area
estates, Tuscan style villas and classic will continue to sell for exactly this
English Tudor homes. Not all customers reason.




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