The Market for Luxury Real Estate 2022
The Wider Affluent Residential Market: Ending the Year with a Backlog of Buyers Globally the affluent class remains highly interested in purchasing residential real estate. Year-on-year there is a 33 percent increase in the number of people who plan to buy within the coming year (32 percent up from 24 percent worldwide). This “present-tense oriented” consumer has residential buying top of mind. Overall, 2021 was an active year for luxury home buyers, with 912,000 households exiting the market. This sets up 2022 to be another very strong year for luxury real estate. Percent in the Market to Purchase Residential Real Estate (Any Price) | GLOBAL AFFLUENT g 2021 SURVEY
g 2022 SURVEY
24% 32%
17% 9%
BY END OF NEXT YEAR
THE FOLLOWING YEAR
10%
5%
THREE YEARS OUT
49% 55% MORE THAN THREE YEARS NOT IN THE MARKET
Affluent Households in the Market for Residential Real Estate Within 3 Years (Millions of Households)
2021 SURVEY
2022 SURVEY
20 LUXURY PORTFOLIO INTERNATIONAL ®
15.51 14.60
©2022 Luxury Portfolio International.® All rights reserved. Unauthorized use of this members-only document is prohibited
