Berkshire Hathaway HomeServices Global Luxury Landscape Report 2023
How are things at the top? That’s the multi-million-dollar question that the Berkshire Hathaway HomeServices Global Luxury Landscape 2023 answers in our annual report. With expert insight on what’s happening now and what’s likely to come, we make sense of a high-end real estate market still in flux—continuing to see booming demand and not-quite-large enough inventory, but also facing regulation and tax changes in many parts of the world.
Despite growing inventory and higher interest rates, the top end of the luxury market remains robust and healthy as a whole. It’s clear high-net-worth buyers and sellers are comfortable and ready to be active in the market.
Hooked on Europe
Greece, Portugal and Spain have seen a booming luxury property market in the past few years, driven significantly by overseas buyers and a strong U.S. dollar that left Americans with increased purchasing power. Experts say that pending regulation changes won’t stop foreign sales.
Private Airport Allure
As the world has become more interconnected, proximity to airports—especially of the private variety—can help boost real estate values, report real estate professionals.
Quiet Luxury Hits Home
Home dwellers are embracing the quiet luxury trend with soft palettes and carefully curated textures. The old-money, quality-focused look is bringing today’s consumer a welcome sense of calm.