Snapping up luxury buys

Luxury houses at the top end of the property market are selling fast, with renewed interest in multi-million-dollar homes.

Figures from the Real Estate Institute show there were 166 such sales in central Auckland in January and February, up from 130 in the same period last year.

There is some way to go before the market reaches the frenzied heights of 2007, when 268 million-dollar mansions were sold in Auckland in January and February.

But Bayleys agent David Rainbow, who specialises in luxury homes in Remuera, said this is his best start to a year in a long time.

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Posted: 21 Mar 2010

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