Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 276 Billion | USD 538 Billion | 6.9% | 2024 |
FrequentlyAsked Questions
Luxury real estate is a high-end home distinguished by its extraordinary quality, prime location, original design, and high price range. Common features of these houses are big square footage, high-quality materials, modern technologies, and first-rate conveniences, including smart home systems, private pools, home cinemas, and wine cellars.
The luxury real estate market is driven by several factors such as rising High-Net-Worth Individuals (HNWIs) & Ultra-HNWIs, economic growth & stock market performance, demand for exclusive locations & amenities, investment & asset diversification, and others.
According to the report, the global luxury real estate market size was worth around USD 276 billion in 2024 and is predicted to grow to around USD 538 billion by 2034.
The global luxury real estate market is expected to grow at a CAGR of 6.9% during the forecast period.
The global luxury real estate market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players and an increasing population of high-net-worth individuals.
The global luxury real estate market is dominated by players like Sotheby’s International Realty, Christie’s International Real Estate, Coldwell Banker Global Luxury, Knight Frank LLP, The Agency, Compass Real Estate, Luxury Portfolio International, and Emaar Properties, among others.
The luxury real estate market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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