The State of Luxury Real Estate report focuses on consumers in the top 1%-5% income bracket across 17 countries, diving into their needs and desires and how they are brought to life.
- The number one global preference among luxury buyers is new construction in newly developed neighborhoods and one-quarter of global buyers already have in mind which property they want to invest in as their next purchase. This is great news for the luxury developers in the Bahamas!
- Since the pandemic, not only were home prices impacted but also the need to stay home. While having to work from home, there has been a heightened need to relax at home, which impacts the number of amenities required in a new home.
- Over 50% of ultra-luxury buyers believe their current home value has risen by more than 10%.
Each year high-net-worth buyers around the world's needs shift. This is highly dependent upon technology, environmental factors, and new policies.
Click here to view the full report of State of Luxury Real Estate - The Luxury Home of Today.