Together, Wealth-X and Sotheby’s International Realty® present the inaugural edition of the Global Luxury Residential Real Estate Report. This is the definitive source of data and trends existing between the ultra high net worth (UHNW) consumer— those with assets of US$30 million or above— and the luxury residential real estate industry across the globe. The report provides valuable insight into the ultra high-end market and presents the motivations and interests of the UHNW population investing in luxury real estate.
The report uses a small scope to evaluate specific individuals in order to compile the most accurate perspective of the entire elite community. With the understanding that luxury residential real estate is one of the most intimate possessions characteristic of their wealth, the report shows that the average UHNW individual owns a total of 2.7 properties. The UHNW Residential Real Estate Index within the report showcases that the overall value of such residences rose by 8% over the past year, and will continue to face steady growth as locations become more desirable and land becomes less available.
The Global Luxury Residential Real Estate Report takes a look at the spending habits of UHNW consumers relevant to their luxury residential property investments, while identifying the most notable markets in which they invest. To see the full report, click here.
Susan Gale is the leading luxury estate agent specializing in commercial real estate, boutique hotels, and stunning residential properties in Miami Beach. She has over 25 years of experience and a sales track record of over $1 billion in sales, that has given her global cache as a luxury real estate leader.