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Luxury Brokers Brace for 'Brexit' Fallout to Reach Across the Pond

By Andrew King

As anyone who does business in the upper end of the luxury markets can tell you, real estate trends are very much about confidence. After all, those who buy and sell $10 million-plus homes are a pretty confident bunch.
The truth is they often don’t really need the home. The purchase is just another asset in their fortune. Brokers say this is the mindset of those who are most likely to fear the recent so-called “Brexit.” The move was widely unexpected – as demonstrated by the 600-point plunge in the Dow Jones.

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