Postcard from LA: Gordon MacGeachy on the mansion tax, pyjama lounges & off-market records

Views

In the latest in a series of international dispatches for PrimeResi, Hilton & Hyland's Estates Director - a member of Luxury Portfolio International - shares insights into the Californian luxury property market.

Written by

Gordon MacGeachy

Estates Director at Hilton & Hyland at Luxury Portfolio International

Gordon MacGeachy is Estates Director at Hilton & Hyland, a member of Luxury Portfolio International.

This content is available only to PrimeResi Members.

If you have a membership login below, otherwise join Prime Resi today for full access to the Journal of Luxury Property.

News

Los Angeles saw a marked increase in high-value property sales in March, as brokers rushed to close deals before a new transaction tax was introduced on 1st April.
External Link

'Rich people are very clever,' says a real estate broker in California. 'They know how to manage cash, and they have time to look for loopholes.'
News

58% of Los Angeles residents voted for a new levy on property transactions above $5mn.