The 2018 Global Luxury Real Estate Market Report is here! Released by Christie’s International Real Estate, this issue sums up the most important records for the luxury market as of today.
Some highlights include the answers to the most sought-after questions such as what are the hottest luxury housing markets, how the international prime markets are performing and what their primary drivers are.
Other major points include:
- Worldwide luxury residential sales had an overall growth of 11% in 2017
- Hong Kong ranked as the world’s most luxurious housing markets market followed by New York and London
- Victoria, British Columbia as the hottest ranking luxury primary housing market in the world is with high domestic demand
- Santa Fe, New Mexico is the hottest luxury second home market reaching sales volumes of million-dollar-plus homes no seen since pre-crisis
Also inside, you can find quotes from our CEO Nancy Almodovar talking all about the luxury market trends in the Houston area. (See pages 7 & 26)
For more updates and insights on the current luxury market, visit luxury defined and for full access to the report click here.