In recent years, global wealth growth combined with new living patterns and changing property preferences, led to a historic expansion in luxury real estate market. Coldwell Banker Global Luxury released “The Report: 2022 Luxury Market Insights,” an in-depth analysis of emerging worldwide luxury real estate market trends, market growth opportunities and global wealth.
In 2021, sales of luxury single-family homes, defined as the top 10% of any given market, rose 14.5% while prices increased 20.3% from 2020. Sales of attached luxury homes saw a more dramatic uptick of 29.6% year over year and a 16.6% increase in prices.
This year, The Report compiled insight from curated surveys of Coldwell Banker Global Luxury Property Specialists worldwide and data collected by the Institute for Luxury Home Marketing and Wealth-X to better understand the trends reshaping the luxury market domestically and abroad.
Read this year’s luxury report here: