Single Women, Rich Millennials Will Fuel Luxury Real Estate This Year
A new report from Sotheby’s International Realty anticipates a deceptively stable market that will conceal massive demographic shifts.
A view from Armani Beach Residences at the Palm Jumeirah, Dubai.
Source: Dubai Sotheby's International RealtyThe world’s high-end housing market is poised to settle into a comfortable rhythm, according to Sotheby’s International Realty’s 2025 Luxury Outlook report.
“I don’t think we’re predicting real estate to decrease in value in 2025, but the rate of appreciation might be slowing,” says Bradley Nelson, the company’s chief marketing officer, who spearheaded the report. “After we did this survey of our top agents on a global basis, doing more interviews than we can count, these sales folks on the front line say it feels like a more stable market, with more balanced conditions,” albeit with strong currents beneath the placid surface.