Christie’s Profiles Luxury Real Estate Worldwide

Christie's luxury real estate report coverAll signs point to a robust market for luxury homes in 2013, according to a new report from Christie’s International Real Estate that analyzed sales trends in San Francisco and nine other cities worldwide.

Global economic and political trends have a minor impact on luxury sales, the report concluded. Pacific Union is a partner with Christie’s, and we’re proud to have contributed to the report.

Analysis of luxury sales worldwide also found:

  • Among the 10 cities that were part of the survey, residential sales continue to set records – with out-of-town buyers accounting for many of the top sales.
  • Prestige property values are more likely to follow growth trends of luxury goods, such as fine art, rather than growth trends in the general housing market.
  • Recent tax law changes in many markets are expected to impact 2013 market activity.
  • High-net-worth individuals see real estate as an essential part of their investment strategy.

Read the full report for more details on the luxury real estate market, including a comparison of what $5 million buys in San Francisco and other top destinations.

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