Hillary Clinton will deliver the best outcomes for the luxury real estate sector, according to a world-wide survey by Mansion Global.
Most real estate experts who responded to Mansion Global's survey about today's historic US election, said they believed a Hillary Clinton win would deliver the best outcomes for the luxury property market.
Mansion Global surveyed brokers, agents, and other industry experts in the US, London, Sydney, and other cities around the world.
The results showed that 83% of respondents favoured a win for Clinton, while only 17% said Trump would be good for their sector.
Neither candidate has released detailed real estate policy, but Clinton has said she will increase certain capital gains taxes. Trump has vowed to maintain existing capital gains rates.
Trump said he will get rid of estate taxes, while Clinton has said she will introduce higher estate taxes for more valuable estates, topping out at a 65% estate tax on estates valued at more than US$1 billion per couple.
Mansion Global reported a number of respondent's comments that were submitted to the survey.
One respondent who backed Clinton said, "Hillary Clinton, by providing a sense of certainty in the global markets, will give comfort to buyers of luxury real estate that they can peer into the future with less concern."
A Trump backer wrote, "First, Donald will lower the tax rate and encourage business spending and keep money inside the US. Secondly, he will enforce law and order and keep the country safe and stable. Last but not least, he is a real estate mogul, and he understands how the market works and how to be successful in this market."
The whole world is watching with interest.
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