March 2022 Luxury Real Estate Report

luxury real estate report

Over the last 18 months, the real estate market has been a hot topic, with luxury properties the focus of many a news bulletin.

One constant in a sea of views and trend analysis is that ‘the home’ has officially become one if not, the most important factor in today’s decision processes with respect to how individuals choose their way of life. While the parameters surrounding individuals' search requirements may not have changed that significantly from pre-pandemic times, we examine the cause behind this enormous demand, especially for luxury properties, and reveal some staggering statistics.

Discover the two other factors that have not only played a significant part but will probably have a much longer lasting effect on demand for luxury properties. Wealth-X’s research shines a light on both a substantial increase in global wealth and more significantly for the luxury real estate market the population growth of individuals who are now classified as high-net-worth (HNW) – those with over $5 million in net worth.

We share the statistics from Coldwell Banker Global Luxury’s recent report which not only focuses on the growth of the HNW population and their wealth but also on their increase in homeownership of properties over $1 million. Equally impressive is the growth of multiple homeownership both in the US and internationally and how significant this new wealth has proven for many new HNWs.

For homeowners looking to sell or buy their luxury home in today’s market, we recommend working with a Realtor who can provide you with critical knowledge about your local market, maintain a high level of security during the transaction, and knows how to leverage technology to provide maximum exposure and assistance.