Luxury real estate

Luxury real estate

University

8 Qs

quiz-placeholder

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Luxury real estate

Luxury real estate

Assessment

Quiz

English

University

Practice Problem

Hard

Created by

Hélène Rivas

Used 2+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Despite the high price tag and the tough economy, the demand for luxury housing worldwide is on the rise.

True

False

Don't know

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which city has the highest average price per square foot of prime residential property ?

London

New York

Hong Kong

Tokyo

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the most expensive real estate market, prices dropped back a few percentage points in 2023

True

False

I don't know

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the most expensive real estate market, the average price per sq. f. of residential property is around :

$28,000

$20,000

$15,000

$9,500

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Like other luxury products, luxury real estate is considered to be a Veblen good

True

False

I don't know

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the U.S., the average time needed to sell a luxury property is close to :

120 days

80 days

50 days

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the U.S., the growth of demand for the luxury sector is heavily driven by which generation ?

Millenials

Gen Z

Gen X

Boomers

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The new demographic segment who could have a big impact on the luxury property market is called the :

CARRYs

TOMMYs

HENRYs

LACYs