High-end home buyers are backing off as rising interest rates, inflation, a tepid stock market and economic uncertainty make it less feasible to purchase luxury goods. Redfin Reports Luxury-Home Purchases Plummet 28%, the Biggest Drop on Record. Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, 2022, … Read more
Global Prime Property Prices Surged in 2021 Amid Soaring Asset Prices. The state of the prime property market. Report. Even if luxury homes were purchased initially as a vacation residence, HNWIs are increasingly using these homes for primary home purposes and for longer periods of time. These are the finding of Forbes Global … Read more
Karma Revero GT nameplate will be moving up-market in future variants, while the GS-6 will now occupy a slot in the Karma lineup at a much more attainable price-point for entry luxury buyers. Karma Automotive, the southern California-based producer of luxury electric vehicles, wants to change the world of mobility by making luxury electric … Read more
The pulse of luxury residential real estate. “The pandemic recalibrated interest in larger, greener properties, secondary cities, and geographies with favorable tax and emigration policies. These preferences are likely here to stay for the foreseeable future” – Bradley Nelson, chief marketing officer for Sotheby’s International Realty. The global wealth is forecasted to grow and … Read more
The answer, according to the majority of Coldwell Banker’s Report for 2019 is outdoor living spaces. “The Report: State of Luxury 2020,” by Coldwell Banker, is a comprehensive profile of emerging luxury markets and buyers. Included in the report are trends as well as top preforming luxury markets of 2019 and those to … Read more
As the global luxury goods market experiences a slowdown, two iconic British fashion brands are coping with the pinch in different ways