Explore the top findings from Luxury Portfolio International’s State of Luxury Real Estate 2021 Research Report. This study was conducted by Affluent Consumer Research Company, with online interviews in 17 countries.
The COVID-19 pandemic has impacted every industry, but none more so than luxury real estate. Current luxury buyers are looking at real estate as a top investment in today’s market. The research dives into the top five pillars in the luxury buyer’s mindset when looking for investment opportunities. The five pillars are defined as Life at Home, Freedom of Movement, Self-Reliance, Embracing Spontaneity, and Financial Confidence. The demand for properties with amenities such as pools and smart technology homes in the United States and other markets worldwide are at an all-time high. Interestingly, the report also provides evidence that within the real estate industry, consumers are more likely and comfortable to work with traditional and established real estate brokerages over the disrupting online agencies.
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