The 2024 Mid-Year Luxury Outlook provides a comprehensive analysis of the dynamics and trends impacting high-end residential real estate markets worldwide for the remainder of the year. As the first report of its kind, it explores the significant, forward-looking factors shaping luxury residential property markets globally. This year, policy changes and elections in nearly 80 countries are expected to influence property markets as voters head to the polls. The direction of U.S. interest rates remains a crucial factor for buyers, sellers, and international observers.
Additionally, cultural investments, such as new museums and major art projects, continue to shape desirable neighborhoods and enhance property values. We recognize that buyers and sellers aim to make sound financial decisions, and staying informed is essential for achieving this goal.
