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% 10% 5% 49% 55%

BY END OF NEXT YEAR THE FOLLOWING YEAR THREE YEARS OUT 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