The luxury real estate market is forever changing. Sotheby’s International Realty is a global leader in this market and has been dedicated to staying ahead of the curve. In this survey, Global Affluence – The Emerging Luxury Consumer, emerging trends around the world with luxury residential real estate consumers are unveiled. High-earning individuals, well on their way to achieving wealth status, from five different countries were surveyed to discover trends among the emerging luxury consumer. In recent years the luxury market has been redefined due to the impact of the luxury consumer. Emerging luxury consumers are defined as those with $250K USD – $1M USD in investable assets. They are right on the edge of attaining the traditional wealth status. What do we find they all have in common? The emerging luxury consumers all have high confidence in their personal economic situations and have their sights set on luxury lifestyle properties. This report hopefully offers some insight into the emerging luxury consumer as well as an understanding of the changes shaping the real estate industry.
Posted on May 11, 2017 at 9:12 am by Corey Dwan