DESCRIPTION
Market Intelligence Summary
According to WDO Consulting, the sales of luxury homes worldwide reached XX thousand units in 2023. The market for luxury homes is expected to grow at a compound annual growth rate (CAGR) of around XX% from 2023 to 2030, reaching a market value of over USD XX million by 2030.
This dynamic growth is fueled by a confluence of factors. Rising affluence among high-net-worth individuals drives demand for opulent residences that reflect their prestigious lifestyles. Post-pandemic priorities have shifted, highlighting the value of wellness, security, and spacious living. Luxury homes cater to these evolving needs with amenities like home gyms, spas, and private gardens.
Changing lifestyle preferences emphasize home offices, larger spaces, and remote-work amenities, influencing luxury home purchase decisions. Smart home technology is also transforming the luxury living experience, offering convenience, security, and personalized comfort. Automation and connectivity are becoming essential features of luxury homes, appealing to tech-savvy buyers.
Furthermore, environmental awareness is shaping the design and construction of luxury properties. Sustainability and eco-friendly features are gaining traction, with energy-efficient technologies, smart water management systems, and sustainable materials becoming increasingly popular.
In addition, many view luxury real estate as a secure and stable investment, offering a hedge against inflation and market volatility. With traditional investments yielding lower returns, luxury properties are viewed as an attractive option for portfolio diversification.
Global Electronic Shelf Labels (ESL) Market Research Report Coverage (2023-2030)
Report coverage |
Details |
Base year |
2023 |
Forecast year |
2030 |
Unit sold |
Thousand units |
Revenue |
USD million |
By home |
- Luxury homes
- Ultra luxury homes
|
By unit size |
- 1000-3000 square feet
- More than 3000 square feet
|
By payment method |
- Cash payment
- Traditional financing
|
By end-user |
- Corporate buyers
- Residential buyers
|
By geography |
- Americas-US, Canada, Mexico, Brazil, Argentina, and Rest of Americas
- Europe-Germany, UK, France, Italy, Nordic Countries (Sweden, Norway, Denmark, Finland), and Rest of Europe
- APAC-China, Japan, India, South Korea, and Rest of APAC
- MEA-UAE, Saudi Arabia, Qatar, Rest of Middle East, and Africa
|
Market players coverage (Top 5 players market share) |
- Brookfield Properties
- CK Hutchison Holdings
- Christie’s International Real Estate
- China Evergrande
- China Vanke
- Coldwell Banker
- DAMAC
- Dubai Holding Real Estate
- Douglas Elliman Real Estate
- Emaar Properties
- Engel & Völkers
- Extell Development
- Henderson Land Development
- Lendlease
- Longfor Group Holdings
- Oxford Properties
- Nakheel
- New World Development
- Sotheby’s International Realty Affiliates
- Sumitomo Realty & Development
- Sun Hung Kai Properties
- Swire Properties
- The Related Companies
- Vornado
|
Market Dynamics: Key drivers, trends, and challenges
- Key market drivers
- Rising income levels, particularly among high-net-worth individuals (HNWIs)
- Increased global mobility and the rise of remote work
- Key market trends
- Rise of second home ownership
- Growing investment in smart homes
- Key market challenges
- Long development timelines
- Stringent regulations and zoning restrictions
Key questions to be answered
1. What is the current market size of the Global Luxury Homes market, and what is its growth potential over the next five years?
2. How many units of luxury homes were sold in 2023?
3. What is the Compound Annual Growth Rate (CAGR) of the Global Luxury Homes market?
4. Which are the key segments covered in the Global Luxury Homes market, and which segments are experiencing the fastest growth?
5. Which geographical region offers the highest growth opportunities in the Global Luxury Homes market?
6. How is the competitive landscape evolving, and who are the key players in the Global Luxury Homes market?
7. Who are the top five players in the Global Luxury Homes market, and what is their respective market share?
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