REALM and Wealth-X have collaborated on a new report, The Global Luxury Report on Residential Real Estate, which will launch next week. The report provides insights into the residential real estate market, analyzing historic data to help predict future trends, and offering a forward-looking view of the industry from a futurist perspective.
The report draws on data collected from 4 million of the wealthiest people in the world across 175 countries, as well as insights from REALM's membership of elite real estate professionals from over 100 different brands, 40 states, and 12 countries. This makes it one of the most comprehensive observations available in the industry.
The report highlights the leading markets for the wealthy, including New York, Los Angeles, London, Paris, Hong Kong, and Sydney. These markets are expected to remain strong due to their status as global hubs for business, culture, and lifestyle.
The report also offers insights into lifestyle affinities that are driving demand in the residential real estate market, such as a desire for privacy and security, access to nature and outdoor activities, and proximity to cultural and entertainment venues.
Overall, the Global Luxury Report on Residential Real Estate offers valuable insights for both industry professionals and wealthy individuals looking to invest in property. With its focus on historic data and futurist perspectives, the report provides a comprehensive view of the residential real estate market in 2023 and beyond.
Report Highlights:
- The U.S. dominates the list of the world’s top 20 cities by ultra high net worth (UHNW) residential footprint
- Three Asian and two European cities are represented in the top 20
- Among the leading cities for UHNW second-home owners, Naples has the highest ratio of UHNW second-homers to primary residence owners
- Monaco has by far the highest level of UHNW density
Take a look for yourself!
Click here for the report: https://d1e1jt2fj4r8r.cloudfront.net/4b38a599-cd30-4e93-ac07-0916b19d3a80/LgPBEhf7p/Altrata_Realm_Residential_Real_Estate_2023.pdf