The characteristics that define
luxury real estate differ among countries. However, location largely defines
the property's value, especially with respect to whether it offers views
(particularly, waterfront ones) or amenities such as proximity to golf courses, school districts, and
the downtown district. Thus, a 750-square-foot
(70 m2) waterfront home with less than 1-acre (4,000 m2)
of property might be worth more than a 10,000-square-foot (930 m2)
mansion with 10 acres (40,000 m2) of property.
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