SOTHEBY’S INTERNATIONAL REALTY® 2022 LUXURY OUTLOOK REPORT REVEALS RETURN OF INTERNATIONAL BUYER, HYBRID WORK MODEL FUELS REAL ESTATE INVESTMENT
Steamboat Sotheby’s International Realty Debuts Second Annual Luxury Trend Report for the Year.
Steamboat Sotheby’s International Realty is pleased to announce the release of its 2022 Luxury Outlook report, which identifies the trends likely to shape the world’s prime housing markets in the year ahead. The comprehensive report offers insight into the high-end real estate industry as the starts-and-stops of the pandemic’s reopening fueled even stronger demand and inventory struggled to keep pace. The global report reveals that relief from the market frenzy may not happen quickly as prices are expected to rise in 2022. In addition, a shift to a hybrid work model is fueling more buyers to invest in real estate and seek larger homes that can accommodate remote work while remaining within commuting distance.
The Sotheby’s International Realty 2022 Luxury Outlook report was compiled by surveying Sotheby’s International Realty agents around the world who transact in the US$10M+ price category. This information was complemented by gathering supporting data from other leading industry experts, including UBS Wealth Management; Henley & Partners, a global citizenship and residence advisory firm; the National Association of Realtors; in addition to art and luxury experts at Sotheby’s, the famed auction house, to round out luxury trends in the year to come.
Click here to read the complete report.