Global Luxury Real Estate Market Report: Luxury Defined 2018
A look at the world of luxury real estate today reveals a robust marketplace following despite regional pockets of slowing growth. Synthesizing data from more than 80 luxury housing markets, this year’s Luxury Defined report uncovers the reasons behind the uptick in luxury home sales in 2017, strong performance of second-home markets, and shifting sentiment of affluent home buyers and sellers across the globe.
With two residential sales above $100 million and the highest price per square foot of any urban area, Hong Kong ranks as the ‘most luxurious’ major housing market worldwide for the second consecutive year. Five of the top 10 markets, recorded year-on-year growth in luxury home sales of ten percent or higher.
These findings were originally produced in the Christie’s International Real Estate Luxury Defined 2018 report, to which Strutt & Parker contribute UK data.