March 28, 2025 - 00:10
Eye-popping home sales surged across the globe late last year in 12 major cities, showcasing a robust demand for luxury properties. Wealthy buyers have been actively seeking high-end real estate, driving prices to new heights. The trend reflects a growing confidence among the ultra-wealthy, who are increasingly viewing luxury homes as not just residences but also as investment opportunities.
Cities like New York, London, and Hong Kong have seen significant spikes in transactions, with affluent individuals drawn to the stability and prestige associated with prime real estate. The pandemic has shifted priorities for many, prompting a desire for larger living spaces and homes that offer amenities conducive to remote work and leisure.
This surge in luxury home sales is not just limited to traditional hotspots; emerging markets are also witnessing a rise in interest from high-net-worth individuals. As the global economy continues to recover, the luxury real estate market appears poised for further growth in the coming year.
