What Donald Trump's Presidency May Mean for Luxury Real Estate

The potential for lower taxes and stronger growth under Donald Trump's administration could be a boon to the luxury real estate market.
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Even though analysts are worried about the headwinds the strong dollar poses for luxury U.S. real estate, the potential for lower taxes and stronger growth under Donald Trump's administration could be a boon to the market.

"Anything that would stimulate the economy and stimulate housing and create jobs is good for the real estate business," says Philip White, president and CEO of Sotheby's International Realty.

He also said the mere fact that the U.S. presidential election is over may help the market as some buyers were delaying purchases and other real estate decisions until after the election.