What is the hottest luxury real estate market in the world? And how does that market compare with the top-ranking luxury real estate locations? What price point defines a true luxury property? Is cash still king in luxury real estate?
Those and many other revelations are being published with the release of the fifth annual white paper, Luxury Defined. Only Christie’s International Real Estate synthesizes data from over 100 luxury real estate brokerages worldwide, including Jackson Hole Real Estate Associates, and compiles observations of luxury drivers from industry experts to overarching insights from Christie’s International Real Estate executives.
In spite of political and economic fluctuations worldwide, high-end residential real estate continues to be viewed as an attractive and lucrative investment, as evidenced through recent pockets of record sales and increased prices. On the heels of a period of sustained growth, today’s luxury real estate marketplace is more nuanced, with benchmarks for high-end homes varying significantly from region to region. Disparities, including inventory, sales activity and sales prices, are prominent between individual markets.
“The last 15 months have yielded unprecedented sale prices and sale volumes, including many in new or re-emerging destinations for investment,” noted Dan Conn, CEO of Christie’s International Real Estate. The research is unveiled in Luxury Defined, the just-released annual analysis of global luxury residential housing dynamics by Christie’s International Real Estate, the world’s leading expert on high-end real estate.
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