The recently released Sotheby’s International Realty Luxury Lifestyle Report
is available as a resource which defines the purchasing behaviors of the wealthy based on surveys of consumers around the world. Insights mined here have larger implications about the luxury sector leading the way for the overall real estate recovery. A majority of respondents participating in the survey from the United States, United Kingdom, Brazil and China indicated that they were more likely to purchase a lifestyle property now than five years ago. This report serves to aid clients in understanding the foundational currents or market recovery as they acquire inspiration for their next home purchase.
The report breaks also down demand for certain niche properties, leveraging survey data as well as lifestyle searches on sothebysrealty.com. The most sought after homes were waterfront properties – a trend that I see reflected daily in my South Florida buyer and seller behavior. The majority of consumers also indicated