The luxury real estate market has been experiencing a renewed dynamism since 2017, affecting most of the world's capitals. While purchase prices can vary greatly by country, wealthy buyers now come from different parts of the globe and are not hesitant to invest in multiple destinations. As a specialist in luxury real estate, Michaël Zingraf Real Estate presents the current characteristics of the international luxury market.
Luxury Real Estate Internationally: A Global Market
Luxury real estate is now expanding to all corners of the globe. Globalized, the market offers exceptional properties in every part of the world and on all continents. Wealthy buyers now have a plethora of choices! From Marrakech to New York, Paris to Tokyo, Geneva to Buenos Aires, Rio to Singapore, the sector offers them numerous opportunities.
Popular Capitals in the International Luxury Real Estate Market
While the luxury market is dynamic in most regions of the world, disparities can be observed even within countries: generally, it is the capitals that remain the most sought-after destinations and logically have prices two to three times higher than in other parts of the country. This is even more true when the capital is a major economic metropolis. This is the case for Paris, London, Madrid, or Tokyo, but exceptions exist: in the United States, New York is more attractive than the capital, Washington. In Asia, price differences between regions of the same country are also particularly significant.
Marked Price Differences Between the North and the South
Today, buyers of luxury properties are not hesitant to invest in southern regions. Dubai, Cape Town, or several cities in Morocco, for example, are particularly popular destinations. However, significant price differences still exist between the northern and southern poles. Thus, there are significant price disparities between North and South America (including Central America), or between Europe and African countries. Europe is also one of the most expensive markets, along with the United States. In Asia, some markets reach the price averages of Western countries. This is the case in China, Taiwan, and Singapore, in particular.
Luxury Real Estate: What Are the Profiles of International Buyers in France?
In recent years, France has once again become very attractive to foreign buyers in search of luxury and prestige. These investors mostly belong to the 35-64 age group and generally own between 2 and 5 properties in other countries. In France, international buyers are mostly from the Middle East, North America, Scandinavian countries, and Asia (especially China). Russians, present on the French Riviera, are less numerous but carry out the most expensive transactions in the country.
Sale of Rare and Prestigious Properties Internationally
Are you looking to buy a luxury property in France or internationally? Michaël Zingraf Real Estate agencies offer exceptional properties in Europe, North and South America, Africa, and Asia. You can also find offers in the heart of the most paradisiacal islands on the planet. Exceptional lofts in Geneva, architect-designed houses in Brazil, imperial villas in the Maldives, rare properties in Marrakech? Our teams accompany you in every step of your project.