GLOBAL LUXURY REAL ESTATE AT A GLANCE

Christie’s International Real Estate is the world’s leading luxury residential network. Together with the collective knowledge of its 139 affiliated brokerages in 45 countries, Christie’s International Real Estate is uniquely qualified to understand trends shaping the prestige property market. Highlights from our annual white paper, Luxury Defined: An Insight Into the Luxury Residential Property Market, are featured below. Download the full report at christiesrealestate.com/luxury-defined.
  • Luxury property sales volumes exploded in 2013 as the prestige real estate market flourished.

  • Three prominent buyer groups fueled the surge in sales: local buyers, millennial buyers, and overseas buyers.

  • Luxury real estate shows a strong correlation with the top end of the fine art market as opposed to the general housing market.
  • Luxury home markets in urban centers have rebounded the strongest, although prized resort areas have begun to see effects of the luxury residential market’s recovery.

  • Changes to tax laws impacted some prime property markets in 2013, but in general these laws have had little impact outside of Asia and France.
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