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As it has been proven that 2024 is a fruitful year for a gorgeous real estate, market experts, according to the recently announced report by Sazabies International Real Estate and Christie’s international real estate, a luxurious space. We expect a healthy 2025.
Compass’ Backward-Looks Report is deeply delved into the performance of the super luxurious market in 2024, and is the largest destination for buyers of $ 10 million, and both are sold and sold. Depending on the amount, it was found to be the top destination. This report emphasizes some resilient growth markets that have exceeded the amount of transactions from the previous year.
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On the other hand, Sotheby’s International Realty’s Report introduces new luxury trends and predictions in 2025. The luxurious brands have touched on the migration of wealth across borders, the relocation of wealth between generations, and the recent fire in LA. The rise of brand residence.
Some of the trends mentioned in the Sazabies report include the rise of women as the strong promising promising decisive determinant in the luxury market at the Global Luxury Report of the fellow brands released early in January. It reflects what was found.
On the other hand, CHRISTIE’s international real estate report emphasizes how these trends affect high -end markets among climate change and other topics. Masu.
In short, the report shows that the luxury market comes from a place of strength that is heading in 2025, and many interesting trends are looking forward to the year. There are some of these.
2024 back gaze
Manhattan has recorded 307 transactions last year for a total sales of $ 7,555 billion, according to COMPASS’s super Luxury market report, which has been increasing its transaction by nearly 17 % since 2023.
Pameladalkarc, a compass agent based in New York, states: “The focus on this quality has strengthened the amazing strength of the luxury market.”
After Manhattan, Los Angeles, Miami Days, Palm Beach County, and Orange County concluded the top five ultra -luxury markets with the sold units and sales volume.
By kind of compass
Both Los Angeles and Palm Beach states that more and more new projects are on the market, especially as the brand residence appears, gaining interest in luxurious condominiums.
“This area is transformed with new gorgeous condominiums such as South Flagmer House, Ritz -Carlton Residence, and Mr. C Residence.
According to Compass reports, a total of 42 markets exceeded the over 2023 ultra -milk sale or over 2023 super -Lu milk sales. Snomas, Colorado, increased more than $ 10 million over the previous year, up to 21, in 2024, from the seven sales in 2023 to 2024.
Tampa Bay and Sarasota, Florida. Lake Taho, Reno, Nevada and Nevada. Like the Greater Nashville, all Nashville has grown a lot of ultra -luxury sales over the year, indicating a trend to markets with outdoor recreational opportunities.
Change wealth
Last year, wealth has made a big move across borders, but has made a new luxurious report on the next few years.
In 2024, the migration of wealth moved to a new country with an estimated 128,000 luxury individuals (HNWI) (at least $ 1 million for investment assets). Luxurious prediction of Sazabies’ international real estate.
In 2025, more than 135,000 HNWI is expected to emigrate to another country, which may have a significant impact on the world’s luxury markets. Currently, the maximum number of HNWI, nearly 22 million, is now in the United States. Later, more than 6 million HNWI, then 3.6 million in the UK, 2.87 million in France, and 2.83 million in Japan.
The United Arab Emirates (UAE) saw the largest inflow of HNWI in 2024, and 6,700 people migrated to the region for luxurious real estate markets, tax incentives, golden visa options, and high -end lifestyles. 。 In the United States, there was the second largest inflow of HNWI in 3,800, followed by Singapore (3,500), Canada (3,200), and Australia (2,500).
Christie’s International Real Estate report is Madrid, Perth, Albania, Bulgaria, Montmas County, New Jersey, and as a market to be viewed in 2025, the local incentive, value, evaluation, and investment profit ratio I emphasized.
Perth’s relative and affordable prices have been drawn to foreign buyers due to their mild climate compared to other Australian cities. Meanwhile, Netflix Production Studios, planned for Montmas County County County and planned, have already brought more buyers to jerseys shore, and are expected to bring more buyers next year.
Similarly, Albania and Bulgaria are more natural and affordable than other European countries, and have attracted more attention from HNWI in recent years. The development of these countries tends to continue as they grow.
As wealth has crossed the borders, it has also reported that Sazabies’ international realty reports that the pace has increased from the elderly to the younger generation. According to Cerulli Associates data, by 2045, Silent Generation and baby boomers will be given $ 84 trillion to children and grandchildren. In response, the luxury market adapts to reflect the tastes of the young generation.
According to Sazabies reports, women are also becoming a major player in luxury markets as an independent buyer. By 2030, women will manage $ 34 trillion, about 38 % of the investment assets. The future relocation of wealth in the next few years has stated that the 2024 Bank of America Institute report, “it will contribute to more wealthy women.”
Impact of LA Fire
LA’s mountain fire, which began earlier this month, burned about 40,000 acres, destroying thousands of structures beyond the Pacific Parisade, Malib, Altadena, and Hollywood Hills.
The wildfire is expected to be the most expensive climate disaster in the US history. “This comes from both the size and high value of the houses they are destroying,” said JP Morgan Economist Abiel Linehart.
The total effects of LA’s luxury market are still developing, but due to the rapid demand, the rent has already risen, and if the residents are allowed to start rebuilding, construction. Costs are expected to increase rapidly.
“According to the California Real Estate Association, housing sales in affected areas decrease sharply in the short term, and it is likely that it will take time to recover demand, but the entire Los Angeles market is in the second half of the 2025 spring. They should start to bounce back. “
Shift to value
Gorgeous housing buyers have reported that they continue to move towards the arrangement of life that reflects their value, whether they are health, sustainability, and other related things.
Many buyers are striving for “hybrid homes” as the number of climate -related events attacked by cities around the world are increasing. This incorporates a sustainable design function such as solar panels, rainfall harvesting systems, and green roofs. An eco -amenity, sustainable architectural material, and solar panels were found in 2025 on Sazabies’ international real estate agents that buyers are environmentally friendly at home.
“It was a sales point in a way that wasn’t there before,” said Anders Erbe, an international real estate of SKEPPSHOLMEN Sotheby.
Luxurious housing buyers are aware that they have multiple benefits to becoming sustainable at home. It is not just better for the planet, but in the long term, the house is more durable, reducing utility costs over time and adding value. The property was said by Sazabies’ international realty agents. For example, a house with a green roof usually uses 80 % to 90 % of energy, and has an indoor temperature of up to 7 degrees lower than the house without them.
According to CHRISTIE’s international real estate report, specific areas are working on environmentally friendly housing solutions.
For example, in large -scale San Francisco, new code needs to be reduced in vegetation around the house, restricts the construction of wooden fences and decks, so that the house is less affected by the wildfire. 。 Local housing builders and developers are adapting using fire -resistant materials.
Napoli, Florida, located in the risk of hurricane and tropical storms, continues to be a luxury buyer’s destination for climate and lifestyle on the water, despite the risk of storms. Housing owners are looking for a way to avoid destruction from future storms, and continue to find ways to build.
“Many of our gorgeous buyers want Florida’s lifestyle. The sun, our untouched beaches, beautiful weather and tax advantages,” and John R. Wood Christie’s international real estate. Ron Howard said. “They understand the extreme weather risks, but they are not always the best for many people. Furthermore, they have a means to build a house with the function of reducing problems from storms. have.”
Home security
CHRISTIE’s international real estate reports have stated that more luxurious buyers are interested in maintaining their privacy and security at home, with new attention to crime and digital hacking.
More than half of the real estate agents, which were investigated for the year of the year of Christie’s international real estate, have said that security is more important for clients. Among the United States -based agents, 67 % are increasingly important.
Many insurance companies need to own high -value items such as art and luxury cars to install enhanced housing functions such as alarm systems and safe, so the rise in insurance costs is more security. We are promoting the desire of luxury housing owners to.
The rising security functions include surveillance cameras with AI software that distinguishes people and animals, radar technology, approaching with the characteristics of the waterfront, biological authentication technology, trajectory security door, safe room, ballot, Includes a system that contains the details of private security.
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