The REPORT 2022 Luxury Market Insights Presented By
K AT H L E E N H E N N E B E R R Y Coldwell Banker Realty
K ATH L E E N HE N N E B E R R Y Luxury Marketing Manager Coldwell Banker Realty
555.123.4567
Kathleen.henneberry@cbexchange.com www.CBExchange.com As luxury expert, Kathleen Henneberry offers a wealth of knowledge and expertise that is unsurpassed; you can always trust her service and commitment. Kathleen Henneberry has served affluent clientele for over 20 years. She offers keen insight into executive and corporate relocation services, and understands and adapts to constant changes in the luxury market. Her expertise is why her clients are excited to refer her services to their family, friends, and colleagues. She is a Broker Associate, Coldwell Banker Global Luxury Ambassador, a Luxury Property Specialist and an expert trainer with The Institute for Luxury Home Marketing.
COLDWELL BANKER GLOBAL LUXURY® - THE REPORT 2022
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Coldwell Banker Global Luxury Property Specialist Coldwell Banker Global Luxury Ambassador Certified Luxury Home Marketing Specialist – Million Dollar Guild Certified Residential Specialist, Pricing Strategy Advisor
WELCOME T O
THE REPORT : 2022 LUXURY MARKET INSIGHTS
Real estate analysis is based on what has occurred in the past; it is how predictions are made and how future decisions are evaluated. The last two years have profound lessons for our present and future. A once-in-a-generation pandemic initiated a paradigm shift: people began reimagining their ideas of home and rediscovering their essential values at the very moment when wealth was rising to historic levels around the world, thanks to rebounding stock markets and surging home equity gains. According to the latest Wealth-X data, the population of individuals with a net worth of $5 million+ reached more than 3.6 million globally. That was an increase of 19.8% over 2020 and a notable difference from 2020, which saw only a 2.2% gain over 2019. This extraordinary wealth growth led to a real estate expansion like we’ve never seen before. A new map for luxury opened up new locations and multiple homeownership in greater numbers. Home as safe haven became the rallying cry for our time. Where do we go from here? What opportunities should we look for? Rather than focusing solely on the past, we are looking forward in The Report 2022. Annual statistics in the top 10% of 120 U.S. markets were analyzed with Coldwell Banker Global Luxury's partner, the Institute for Luxury Home Marketing, to provide a view into future trends that could impact luxury real estate and the next opportunities that lie ahead. Also consulted were Wealth-X to provide a global outlook on wealth, homeownership trends and where current and upcoming pockets of international affluence may reside. Wealth management expert Barry Ritholtz added his financial perspective, and as always, Coldwell Banker Global Luxury Property Specialists and colleagues lent their boots-on-the-ground market insights.
Kathleen Henneberry
COLDWELL BANKER GLOBAL LUXURY® - THE REPORT 2022
We hope you find the information invaluable in this report.
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KATHLEEN HENNEBERRY
555.123.4567 | Kathleen.henneberry@cbexchange.com | www.CBExchange.com