2025年中全球奢华房地产展望

SM Sot heby ?s Int er nat ional Realt yRecover y Ef f ort sThe need-to-know facts on how marketshifts and increasing natural disastersaffect both homebuyers and sellersBespoke InsuranceTraditional policies may not protectyour property in full? here?s whatto watch out forLuxur y RenaissanceThe latest up-and-coming locationsfor high-end livingPropert y IndexMore about the homes in this report2 6An Eye on t he MarketLuxury property outperformedin early 2025 and may provideopportunities for savvy buyers17Financing Opt ionsMany wealthy homebuyers preferto pay cash for properties; however,extra-low interest rates for high-net-worth individuals may prove appealing24St eady CourseWhile tariff tensions and stock marketfluctuations could temporarily slowdown sales, real estate offers luxurybuyers a tangible, secure assetCont ent s 26363852 Front and back covers:An elegant eight -bedroom residence inNapa Valley, Californiasit s close t o t heregion?s prest igiouswineries.Above: Thisarchit ect uralm ast erpiece inRaleigh, Nort hCarolina, incorporat esst at e-of-t he-artelem ent s.Right : This luxuriousm odern m ount ainret reat in Evergreen,Colorado, is nest ledam ong 10 privat e acresand showcasesbreat ht aking views. W elcomeOppor t unit ies aboundSot heby?s Int er nat ional Realt y Chief Mar ket ing Of f icerA. Bradley Nelson int roduces t he 20 25 Mid-YearLuxur y Out lookSMrepor tAs the Sotheby?s International Realtybrand releases its 2025 Mid-Year LuxuryOutlookSM report, we look ahead to thetrends and developments affecting theglobal luxury real estate market.Luxury real estate outperformedtraditional real estate markets throughout2024 and in the early months of 2025. Thetop half of the wealthiest households in theU.S. saw the greatest gains in real estatevalue, according to an April 2025 reportfrom Realtor.com®. Upscale propertytransactions slowed slightly in responseto global economic disruption in spring2025. Still, there?s optimism that the luxuryreal estate market will withstand financialvolatility as a perennial safe haven.Economic uncertainties? especiallystock market volatility? can createopportunities. For some people, this couldbe the moment they can catch a breakin the storm of competition from otherbuyers, compared to just a few months ago.The 2025 Mid-Year Luxury Outlookreport highlights factors that influence theenduring importance of real estate as anasset class that contributes to the wealthof ultra-high-net-worth individuals as partof a diversified portfolio. Continuedstrong inventory in the upper end of theresidential property sector, demographicsthat drive demand, and the resilienceof the global housing market providemomentum even in the face ofeconomic headwinds.This report includes insights fromSotheby?s International Realty affiliatedagents from around the globe, whospecialize in transactions in the US$ 10million and up price category, along withdata and analysis from UBS, J.P. Morgan,Moody?s, McKinsey and Company,Bain and Company, Cotality (formerlyCoreLogic), the National Associationof REALTORS®and the NationalAssociation of Home Builders®.The content in the report incorporatesinsights into financing options for luxurybuyers and dives into insurance needs ofhigh-net-worth individuals for their homesand other assets, such as art and jewelry.The report also looks at paths to recoveryfor property markets after a natural 4 T HERE?SOPT IM ISMT HAT T HELUXURYREA L ESTAT EM A RKET W ILLW IT HSTA NDFINA NCIA LVOLAT ILIT Y A SA PERENNIA LSA FE HAV ENA . BRA DL EY NEL SONchief marketingofficerSotheby?sInternational Realty disaster, such as the Los Angeles wildfiresand earthquakes in Southeast Asia, as wellas how homeowners navigate thedecision to rebuild or relocate.Finally, the report turns a sharpeye on five key markets with anemerging? or reemerging? luxuryresidential component: San Francisco,California; Salt Lake City, Utah; PuertoRico; Saudi Arabia; and India. Each profilefeatures information about what?s drivingthe high-end property market in theselocations, including new developments,growth in the high-end housing market andan appetite for luxury.Global demand for luxury property isunlikely to slow, given that real estate is aninvestment that you can actually enjoywhile you own it. That demand can be growth at the upper end of the marketfrom both new construction and existingproperties. We saw an unprecedentedlevel of transactions in 2020 and 2021when some people were forced to makefrenzied decisions. As we come up to thefive-year mark after those purchases,and as things begin to normalize again,we anticipate a realignment in prioritiesthat could trigger more sales.Simultaneously, new developmentis redefining luxury in some unexpectedplaces. Lifestyle-oriented marketscontinue to attract new upscaledevelopment and both local andout-of-state buyers.Read on to learn more valuableinsights from the 2025 Mid-Year LuxuryOutlook report. - 5Sellers can consider enhancingtheir home?s appeal to