New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

To maximize wealth transfers and avoid imminent tax exemption cuts, high-net-worth individuals are migrating accordingly. Image credit: Sotheby’s Real estate firm Sotheby’s International Realty is projecting a series of changes across global markets. According to the company’s fourth annual 2024 Luxury Outlook report,... Read more »
New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

Bang & Olufsen partners with Waldorf Astoria Residences New York

Consumer electronics January 10, 2024 The brand has announced an exclusive partnership with Hilton’s Waldorf Astoria Residences New York. Image courtesy of Bang & Olufsen   By Luxury Daily News Service Danish... Read more »
New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

New luxury residences arrive at world-famous golf resort in Spain

Coming this spring, the villas will feature floor-to-ceiling windows, bespoke interiors and a range of upscale amenities. Image courtesy of Solvilla A set of high-end villas is soon to arrive at a European resort that... Read more »
New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

Proactive communication key to smooth generational wealth transfers: report

Research August 25, 2023 HNWIs that fail to prepare for generational wealth transfers could stand to lose up to 40 percent of their estates to taxable events. Image credit: Raymond James   By Zach... Read more »
New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

The Gramercy Park Hotel to reopen in 2025

Travel and hospitality August 28, 2023 Following a $50 million purchase, the building’s revitalization will entail nearly a complete interior rehaul. Image credit: MCR   By Luxury Daily News Service After closing... Read more »
New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

Luxury real estate business booming in Dubai: report

Real estate August 29, 2023 Christie’s International’s latest report asserts that local markets are being supported by the migration preferences of growing affluent populations. Image credit: Christie’s International   By Emily Iris Degn A new... Read more »
New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

Affluent buyer demand for move-in-ready luxury properties persists: report

Real estate October 27, 2023 “Mixed market messages” defined the luxury home sector in September, per new data published by The Institute for Luxury Home Marketing. Image credit: The Institute for Luxury Home... Read more »
New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

Nearly half of all luxury homes sold in Q3 were purchased in cash: Redfin

Real estate November 9, 2023 Real estate brokerage Redfin’s Q3 report shows that median sale prices for high-end homes have surged 9 percent year-over-year, reaching $1.1 million. Image credit: Redfin   By Luxury Daily... Read more »
New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

70pc of luxury Alpine properties sold above $1.5 million purchased in cash: Knight Frank

Real estate November 14, 2023 The miniature boom within the Alpine market caused by the pandemic is said to be at an end. Image credit: Knight Frank   By Zach James Stock... Read more »
New global hotspots, tax code changes to shift luxury real estate landscape in 2024: Sotheby’s

Trending luxury real estate preferences push Pacaso over $1B in annual revenue: report

Real estate December 21, 2023 Luxury second-home transactions in Newport County, Rhode Island were higher than usual this year, per company findings. Image credit: Pacaso   By Zach James Second-home marketplace Pacaso... Read more »