Unveiling the Luxury Outlook
Exclusively from Sotheby’s International Realty
We are pleased to introduce the Sotheby’s International Realty 2023 Luxury Outlook report, which outlines the industry trends and happenings across high-end residential markets around the world.
In 2022, we saw mortgage rates soar after two years of historic lows, fueling a “lock-in” effect that strained an already tight market as homeowners continued to spend more time at home than ever before. In this report, we highlight the trends that you can expect in the year ahead, from the projected flow of global wealth into the real estate market to luxury real estate in the metaverse.
A snapshot of takeaways from the report.
For quick reference, here is a look at the key findings in the report. Click the text to dive into the articles.
- Strong Appeal for Luxury Properties, Despite Interest Rate Hikes
- With Inventory Increases, Markets Begin to Turn—Slightly—in Buyers’ Favor
- An Explosion of Global Wealth, Funneled into the Real Estate Market
- For Passing Wealth Between Generations, Property Is Still King
- High-End Vacation Rental Spots Face Changing Market Post-Covid
- Buyers Around the Globe Expand Their Searches
- Naturehoods: The Great Outdoors is a Top Amenity
- Supply-Chain Issues Ease in Some Areas, Yet Prices Remain High
- Real Estate Industry Explores the New World of the Metaverse
We’re here to answer any questions regarding the market in St. Kitts and Nevis or connect you with one of our Sotheby’s International Realty colleagues around the world.
