Luxury home sales boom as market rebounds

Global Business

The luxury housing market has been booming across the United States and Los Angeles has increasingly become the go-to hotspot with the largest share of the market.

Real estate experts say, for many people, the coronavirus pandemic triggered a desire to change their lifestyles.

And they argue the current economic outlook has also made the market more lucrative than ever before.

CGTN’s Ediz Tiyansan reports.