Sotheby's reports that the luxury real estate market remains resilient despite shifting economic factors, with upper-tier home sales outperforming average-market homes. Notably, luxury home prices have risen 65% since Q4 2019, compared to a 40% rise in non-luxury prices. This trend attracts migrating investors, with Henley & Partners predicting a rise in high net worth individuals (HNWIs) relocating. The U.S. witnessed significant international buyer activity despite a historic low in purchases. Experts believe the market will recover as inventory stabilizes, making real estate a key opportunity for investment and security for global buyers.
'Luxury real estate continues to demonstrate remarkable resilience, with high-end home sales consistently outperforming average-priced homes even amidst economic fluctuations.'
'With luxury home prices surging 65% since late 2019, a growing wealth migration signals robust investment opportunities for affluent individuals looking to relocate.'
#luxury-real-estate #market-analysis #high-net-worth-individuals #investment-trends #economic-resilience
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