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

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

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

Upper Fifth Avenue persists as world’s priciest retail destination: report

Experts share that the Manhattan district remains the most expensive place to rent a storefront — luxury brands are continuing to set up shop regardless. Source link Read more »