Luxury real estate boom

The Luxury real estate market continues with record performance over the past two years.

According to Christy Budnick, CEO of Berkshire HathawayHomeServices (BHHS): “The luxury real estate sector has shown a record performance over the last two years.

“Although the real estate market has started to normalise, the top of the market has recently seen a whirlwind of activity in the ‘Luxury Collection’, including a house in Miami (USA), sold at a record price of over of $100 million (€103 million) last week”.

This is one of the conclusions to be drawn from the 2022Global Luxury Landscape Report, recently released by BHHS. The study “explores the perspectives and trends that markets around the world are going through, from an accelerated activity – marked by record sales, bidding wars and limited stock – to a more stagnant period, in which high levels of inflation and geopolitical events will continue to play key roles in determining the market’s tonic”.

The Global Luxury Report highlights the evolution of home buying based on lifestyle choices, preferences and preferred destinations for luxury buyers, as well as which industries are putting markets on the map. Addressing even more trending topics, the report explores real estate in the metaverse, design trends, and the top nine home amenities that the luxury buyer privileges.

“One of the key situations we see as luxury real estate evolves in this new climate is that the world remains even more connected by technology and also by our changing mindset,” says Christy Budnick.

“Luxury real estate requires a global approach and I am proud that our network continues to expand and welcome the best professionals in the sector so that we can continue to offer unparalleled personalised service, driven by the BHHS brand.” adds.