Luxury Portfolio

The State of the Luxury Real Estate Market – Just Released Report

The Residential Luxury Market is poised to have a banner year as demand fuels growth at the top.

State of Luxury Real Estate Report from Luxury Portfolio International | Bahamas Realty

Luxury Portfolio International®  (LPI) has released a comprehensive, first-of-its-kind report, which delves into affluent consumer attitudes and trends across the globe.

The State of Luxury Real Estate Report revealed that of the 30 million+ households represented, more than 15.5 million will be in the market for residential real estate over the next three years.  However, the report also revealed that demand for purchase far exceeds the number of sellers in the luxury market, making it a clear seller's market. 

According to Mickey Alam Khan, president of Luxury Portfolio International®, this is a trend that will likely continue through 2021. "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,” he said.

The report details:

•             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

 

View the full report at https://resources.luxuryportfolio.com/whitepaper/  

 

More: State of the Luxury Market: The Caribbean

Bahamas Realty Director, Andrea Brownrigg was recently featured in an exclusive podcast from Luxury Portfolio International for members around the globe with an update on what's happening in high-end island markets and how COVID-19 has affected the demand for luxury properties. Click here to learn more.

 

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State of the Luxury Market: The Caribbean

State of the Luxury Market: The Caribbean
LPI Connected Conversations

Bahamas Realty Director, Andrea Brownrigg was recently featured in an exclusive podcast from Luxury Portfolio International for members around the globe with an update on what's happening in high-end island markets. The conversation covered how COVID-19 has affected the demand for resort properties, the kind of properties and amenities that buyers are looking for right now, and how real estate business is being conducted in these second-home markets.

Key takeaways:

  • For luxury buyers, the pandemic has created an increase in demand for large, private estate properties with access to an outdoor lifestyle that's safe for the family.
  • The demographics of buyers hasn't changed, despite the challenges in travel.
  • Virtual tours and online life has changed how business is done, including how property transactions take place. Buyers are now purchasing property that they have "toured" without ever setting foot inside.

Andrea was joined by our LPI affiliate, Bernadette Hunt, of Turks & Caicos Property., and Anne Colvin, Director of Member Services for LPI.

Catch the whole conversation on Vimeo, Spotify or Apple Podcasts: LPI Connected Conversations.
 

                

 

MORE: Luxury Portfolio International recently released a first-of-its-kind report on the State of Luxury Real Estate globally. Read more here.

American UHNWI Prefer to Own Vacation Homes in Mexico, Bahamas, UK, France, and the Caribbean

Ultra high net worth (UHNW) clients in the U.S. tend to own multiple houses overseas, with North and South America the most popular locations for their foreign properties, according to a study of proprietary data by AIG Private Client Group, a division of the member companies of American International Group.

The study’s findings shown here helped the company develop a new multinational property coverage that serves U.S. UHNW clients with considerable overseas assets.

Luxury Portfolio 2015 White Paper: The Emerging Class of Global Affluent

2015: A Year of Growth As we enter 2015, we have the wind at our backs: the percentage of affluent and wealthy who are optimistic about their own future has continued to rise, reaching 38% in Q3 2014—roughly three times the percentage who say conditions are getting worse. Read more in this interesting article.

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