Luxury Portfolio’s newly released white paper Luxury Real Estate: What Matters To Today’s Global Elite concludes that 38% of the world’s affluent consumers are interested in purchasing real estate in the next 3 years. Moreover, 23% of affluent consumers are interested in selling real estate in the next 3 years.
Their research also states that luxury buyers are motivated by the emotional value of the home more so than physical features. The report cites what is important to affluent consumers is having a life well-lived, feeling secure, and having a customized environment with room for many happy memories.
Luxury buyers rank “value” twice as important as “price.” This means getting a good value for the money and investing in neighborhoods where there is appreciation.
Janet McAfee is the exclusive St. Louis member of Luxury Portfolio International. For a copy of the whitepaper, Luxury Real Estate: What Matters Most to Today’s Global Elite, please contact [email protected].
- Janet Horlacher
