TREND REPORT 2022: A PERSPECTIVE ON THE MARKET AHEAD
The luxury property sector appears to be in a state of transition after two years of unprecedented buying during 2020 and 2021. With the demand softening from 2021, affluent buyers appear to be shifting towards smaller property investments, global property buying, or locations with better quality of life, among other buying strategies.
HOW'S THE MARKET?
Despite key indicators signaling the start of a buyer’s market such as an increase in inventory, inventory still cannot keep up with the demand for luxury real estate. The high-end property landscape is still in a strong position for 2022 and 2023. The appreciation seen on luxury single-family homes and luxury attached homes since 2017 supports this, as well.
CONFIDENCE IN REAL ESTATE AS A LONG TERM INVESTMENT
Four in five US-based affluent survey respondents believe that real estate is a safe investment. The wealthy may be leaning towards real estate for stability in the midst of rising uncertainty, whether by diversifying assets, creating long-term generational wealth, or the likes.
We wish to share with you a bigger picture of what’s happening in the high-end property landscape. You can read more about it on our Trend Report below. This year’s theme is “Perspective for the Market ahead”