NEW: State of Luxury Real Estate (SOLRE) Report
Just released by Luxury Portfolio International®, State of Luxury Real Estate is a comprehensive report that looks at consumers in the top 1%-5% income bracket of 17 countries and represents more than 30 million households. The extensive report provides insight into how the luxury real estate ecosystem is evolving in key markets worldwide and what motivates affluent consumers in their home buying and selling decisions.
Findings include:
- Affluent consumer attitude and behavior trends for 2021
- Traditional real estate companies vs. disruptors
- 5 pillars in the luxury buyer mindset
- Luxury real estate market update
- Luxury buyer trends in Asia Pacific, North America and Europe
“It is clear that affluent residential real estate buyers see opportunities within their respective markets,” said Mickey Alam Khan, president of Luxury Portfolio International®. “We are noting a surge in buyers throughout many markets worldwide, where it continues to be a seller’s market in the luxury space vis-à-vis the previous year. We expect that trend to continue through 2021 – as well as the next couple of years -- as buyers rush into the market. The ultra-luxury buyer perspective is that the current climate is getting stronger. In many markets, we see home values going up, and there is more interest in prime property.”
“Real estate is an increasingly sensible investment at a time when financial and alternative investments appear potentially disconnected from traditional success indicators, like revenue and profit,” said Chandler Mount, CEO of Affluent Consumer Research Co., the study’s author, and research partner for Luxury Portfolio International®. “Many luxury buyers all over the world share this sentiment, and the implication is a lot of money flowing into real estate in the coming year.”
View the full report at luxuryportfolio.com/whitepaper. For additional information, read our press release.