Luxury Outlook 2024

What Gives a Suburb Staying Power?

Despite predictions that some suburban markets could collapse as city dwellers went back to the urban homes they fled when ...

Feb 12, 2022 | Art / Lifestyle, Luxury Outlook 2024

More Buyers Turn To Exurbs

With more companies offering extended remote-working options for their employees, home buyers are pushing out farther and wider into once-rural ...

Feb 12, 2022 | Art / Lifestyle, Luxury Outlook 2024

Caribbean Sees Boost From Remote Working

As companies extend remote-working options, faraway tropical paradises in the Caribbean are cementing their appeal for luxury home buyers. Both ...

Feb 11, 2022 | Art / Lifestyle, Luxury Outlook 2024

Boomerang Buyers Stimulate Markets Back Home—Particularly In Australia And New Zealand

One of the pandemic’s significant effects on the global property market is the boomerang-buyer phenomenon, which has seen millions around ...

Feb 10, 2022 | Luxury Outlook 2024

Collaboration Over Competition

While auction houses and galleries historically have vied for business, they’re increasingly finding more benefits to collaborating. Sotheby’s is ...

Feb 9, 2022 | Auction House, Luxury Outlook 2024

Superluxury Properties Break Records

Call it pandemic purchasing or a change in priorities for high-end homeowners, but the US$30-million-plus home sale is a trend ...

Feb 8, 2022 | Art / Lifestyle, Luxury Outlook 2024

2021 Record-Breakers

REAL ESTATE Several sales were standouts this year, including One 100 Palm Jumeirah, a 14,000-square-foot contemporary mansion in Dubai, sold ...

Feb 7, 2022 | Art / Lifestyle, Auction House, Luxury Outlook 2024

The New Ethical Luxury

Three letters are changing how today’s investors view their capital opportunities—ESG. A fresh range of more socially conscious investment options, ...

Feb 7, 2022 | Art / Lifestyle, Luxury Outlook 2024

Fine Arts — Q&A: Mari-Claudia Jiménez, Chairman And Managing Director Of Sotheby’s Auction House

Non-fungible tokens (NFTs) and their headline-grabbing prices disrupted the traditional art world in 2021, legitimizing digital art and bringing ...

Feb 4, 2022 | Auction House, Luxury Outlook 2024

Where Are Luxury Buyers Relocating In 2022?

Global trends are prompting wealthy buyers across the world to make moves abroad. According to Henley & Partners, a global ...

Feb 4, 2022 | Art / Lifestyle, Luxury Outlook 2024

What’s Next:Gen-Z Home Buyers

Gen Z, the generation behind millennials, with the oldest members in their early 20s, have their sights set on homeownership. ...

Feb 3, 2022 | Luxury Outlook 2024

NFTS, ‘Additive To The Art World,’ Require Adaptive Thinking For Collectors

In 1973, a Sotheby’s decision to auction 50 contemporary works of abstract and pop art unsettled traditionalists and stoked critics. ...

Feb 2, 2022 | Auction House, Luxury Outlook 2024

Anatomy of an Of-The-Moment Home

GARAGE WITH STORAGE This helps keep clutter out of the main house and allows for out-of-sight storage of tools, lawnmowers, ...

Feb 1, 2022 | Art / Lifestyle, Luxury Outlook 2024

Branded Residences Move Beyond Hotels

Branded residences are some of the fastest-growing segments in luxury real estate—and one of the most sought after. Hotel brands ...

Jan 31, 2022 | Art / Lifestyle, Luxury Outlook 2024

Fueled by Millennial Nostalgia, New Collectibles Markets Soar

The collectibles market has exploded in the last year, as high-net-worth individuals looked to invest in alternative asset classes. Trading ...

Jan 31, 2022 | Auction House, Luxury Outlook 2024

Tech Execs Driving High-End Single-Family Home Buying

High-net-worth home buyers hailing from tech-driven fields like life sciences, engineering, technology, and telecommunication are shaping the luxury real estate ...

Jan 28, 2022 | Art / Lifestyle, Luxury Outlook 2024

Luxury Buyers Keep Cities Thriving Despite Pandemic

For hundreds—or sometimes thousands—of years, cities around the globe have defied predictions of their death, including alarms set off during ...

Jan 28, 2022 | Luxury Outlook 2024

Is There Relief Ahead From The Market Frenzy?

While the current state of the housing market is great news for sellers, for buyers, the past year and a ...

Jan 27, 2022 | Luxury Outlook 2024

Second-Home Transactions Cooling Slightly, But Demand And Prices Still High

Second-home markets have been experiencing high demand since mid-2020, with luxury buyers motivated to seek out properties in holiday destinations ...

Jan 26, 2022 | Luxury Outlook 2024

Material Supply Issues May Put Long-Term Pressure On Home Prices

With delivery schedules delayed and prices of material goods rising, pandemic-induced supply-chain issues have dominated headlines for much of 2021, ...

Jan 26, 2022 | Luxury Outlook 2024

Irrepressible Cities Poised For Growth

While urban areas have rebounded more quickly than anticipated from the global disruption created by the Covid-19 pandemic, some cities ...

Jan 26, 2022 | Luxury Outlook 2024

Amid Inflation And Relatively Low Interest Rates, Luxury Real Estate Remains A Trusted Investment

The expansive growth in the luxury-home market during the Covid-19 pandemic is expected to continue in 2022, albeit at a ...

Jan 26, 2022 | Luxury Outlook 2024

Tax Havens Around The World

Bahamas There’s no income tax, capital-gains tax, or inheritance tax in the commonwealth, though there is a value-added tax on ...

Jan 26, 2022 | Luxury Outlook 2024

Run On Luxury Properties In Secondary And Tertiary Markets Heralds Long-Term Change

The seismic shift in home buyers’ priorities since the pandemic’s onset has led high-net-worth buyers from primary markets to secondary ...

Jan 24, 2022 | Art / Lifestyle, Luxury Outlook 2024

Reimagining The Multifamily Building

While most of the luxury high-rise buildings currently selling units were designed prior to the age of social distancing and ...

Jan 24, 2022 | Art / Lifestyle, Luxury Outlook 2024

Millennials Make Their Mark

Millennials are entering the home-buying market en masse, shedding their title of the “renter generation” as they reach new life ...

Jan 21, 2022 | Luxury Outlook 2024

Taking Stock Q&A: Wine Collecting With Jamie Ritchie of Sotheby’s Wine

The pandemic caused wine collectors to take stock of their holdings. Sotheby’s Wine—the only major global auctioneer offering fine ...

Jan 21, 2022 | Art / Lifestyle, Auction House, Luxury Outlook 2024

Interest In Serviced Apartments Soars

The last couple of years have been tough for the hospitality-and-travel industry, with luxury hotel rooms standing empty across the ...

Jan 21, 2022 | Art / Lifestyle, Luxury Outlook 2024

Tax Changes Around The Globe

From the U.S. to France and Oman to Ireland, governments and city authorities are looking to property as a way ...

Jan 19, 2022 | Luxury Outlook 2024

2022 Luxury Outlook Report Reveals Return Of International Buyer, Hybrid Work Model Fuels Real Estate Investment

Sotheby’s International Realty is pleased to announce the release of its 2022 Luxury Outlook report, which identifies the trends likely to shape ...

Jan 10, 2022 | Brand News, Luxury Outlook 2024

Domestic Buyers Dominate These Hot Markets…But How Long Will It Last?

The Covid-19 pandemic and resulting restrictions on international travel have hindered foreign buyers from investing in overseas real estate, and ...

Jan 10, 2022 | Brand News, Luxury Outlook 2024

What Lies Ahead – Q&A With Philip A. White Jr., President and CEO, Sotheby’s International Realty

As an industry veteran, Philip A. White Jr., president and chief executive officer, Sotheby’s International Realty, has seen many trends ...

Jan 10, 2022 | Brand News, Luxury Outlook 2024

Welcome

Welcome to the Sotheby’s International Realty 2022 Luxury Outlook. In the pages that follow, we explore the data as well ...

Jan 9, 2022 | Brand News, Luxury Outlook 2024