If you were to compare the real estate today with what or how it was three decades back, you will be surprised at the incredible difference. Today there are more millionaires than there were three decades back. The real estate market especially the high-end one which involves tens of millions of dollars tends to grow bigger by the year. It was uncommon to find three properties in a row whose asking price was more than $50M. Today, this $72,000,000 Beverly Hills listing stands as one of the many that have come up in the recent years.
As more millionaires are being made by the world, so are the multimillion homes and other properties getting churned by property builders. The market has never been this lively. There are many properties now worth millions of dollars as there are hundreds of multimillionaires in Beverly Hills alone.