/PRNewswire/ Whether it is the desire for warmer weather, better prices or experiences around the world, wealthy U.S. buyers want to move abroad. According.
The pandemic’s impact on how buyers today define luxury has spurred new trends and called attention to different markets moving deeper into 2021, according to Coldwell Banker’s “The Report: 2021 Global Luxury Market Insights,” released on Wednesday.
In compiling “The Report,” Coldwell Banker partnered with The Institute for Luxury Home Marketing, Wealth-X and other third-party data sources to analyze a variety of data points like median list prices of sold properties, median sold prices, median days on market and more. The company also spoke with 78 Coldwell Banker luxury property specialists across 65 global markets for on-the-ground market insights.
The Realogy brand’s report outlines how buyers’ reinterpretation of luxury as a place for family, health, space, security, privacy and accessibility to the outdoors has spurred a drive for properties like megamansions, luxury compounds and even private islands.