2024 Luxury Outlook Report From Sotheby's International Realty
Verlene Morgan January 21, 2024
Verlene Morgan January 21, 2024
Sotheby’s International Realty® recently released their 2024 Luxury Outlook report which overviews industry trends in high-end residential markets around the world and highlights what you can expect in the year ahead. As buyers are acclimating to the new normal of higher interest rates, high-end home seekers are expanding their searches to more parts of the globe. In this report, they explore topics from emerging markets including Saudi Arabia and Mexico City to the newest tech tools currently disrupting the real estate industry. We know buyers and sellers want to spend—and earn money—wisely and staying well-informed is just the way to do it.
Through the 2024 Luxury Outlook report, their goal is to help you navigate this fast-moving and ever-changing real estate market. I hope that this compilation of research and industry perspectives, exclusively presented by Sotheby's International Realty, helps you as you look to invest your equity wisely in the year ahead.
Following several years of residential real estate frenzy, the report reveals that buyers have begun to acclimate to a new normal of higher interest rates, with high-end home seekers expanding their searches to more parts of the world. It also explores the trends shaping real estate investment decisions in the year ahead, from the intergenerational transfer of wealth, to pinpointing parts of the world where tax incentives are increasingly enticing. Bloomberg broke the news on the report with an exclusive article recapping its findings.
For the most part, only serious buyers check out the real estate scene in winter.
Making your first purchase is not just about finding the ideal property; there is lots to think about.
Trends In High-End Residential Markets Around The World
As of Q4 2023, the Sonoma County real estate market has experienced notable trends.
Verlene enjoys working with home buyers and sellers and takes pride in offering personalized service to enrich the lives of others. Contact her today so she can guide you through the buying and selling process.