May Luxury Market Report — RISMedia

That of the Institute Luxury market report is your guide to analyzing trends and comparative data on major residential markets in Canada and the United States.

The May report reviews current North American luxury market statistics month-by-month and on a 13-month trend.

This month, we take a look at the luxury real estate market from a global perspective.

We compare the evolution of demand for luxury properties over the past two years to determine the impacts on the global real estate market to understand the implications for 2022 and beyond.

Looking at the start of the pandemic, we examine the differences between how the wealthy on different continents reacted and why 2021 has seen greater shifts in demand for luxury real estate, even in North America, compared to 2020.

Learn about the key determinants driving demand growth for luxury properties in 2021 and how global wealth played such a big role.

We dig a little deeper into global wealth statistics, comparing year-over-year growth and the importance of the growing number of wealthy people.

As more countries open their borders and travel restrictions become less of an obstacle, we review some key countries to share some insights into how their luxury markets are changing and growing.

From Australia to Dubai, India to the UK and France to Europe, understand why global elite status is setting new course and creating new opportunities.

How important is it to the North American market, and why do experts predict that Canada and the United States will be one of the biggest beneficiaries of returning international buyers?

It is important to understand that the art of selling and buying must always include an analytical approach to truly appreciate the realities rather than simply listening to the rhetoric of the market.

Click here to view the institute’s full report.

For homeowners looking to sell or buy their luxury homes in today’s market, we recommend working with a real estate agent who can provide you with essential knowledge of your local market, maintain a high level of safety and security during the process, and who knows how to leverage technology and strategies to provide maximum exposure and support.

Gain exclusive insight into the luxury real estate market during one of the Institute for Luxury Home Marketing’s live or online training sessions. Register today!

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