About Luxury Real Estate
Luxury real estate can be the residential or commercial space that varies from sizes, location, construction design, high-end material usage, technology, and other architectural aspects alongside amenities. The real estate is considered as the best investment for sale or for rental purposes, luxurious real estate consists of many factors which include the expensiveness, its uniques style, exclusive technology along with the nearby commercial spaces like shopping areas, swimming areas, fitness center, etc adding value to life. The real estate can be available in apartments, flats, villa, or row house forms with a luxurious look and feel.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Luxury Real Estate market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Coldwell Banker Real Estate LLC (United States), Equity Residential (United States), Grainger plc (United Kingdom), LeadingRE (United States), CAPREIT (Canada), Aston Pearl Real Estate (UAE), Dalian Wanda Group Co Ltd (China) and JamesEdition B.V. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Luxury Portfolio (United States) and Christie’s International Real Estate (United States).
Segmentation Overview
AMA Research has segmented the market of Global Luxury Real Estate market by Type (Apartment, Flats, Villa and Row House), Application (Individual, Hotels, Restaurants, Office Space and Others) and Region.
On the basis of geography, the market of Luxury Real Estate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Agreement, the sub-segment i.e. Real Estate Sale will boost the Luxury Real Estate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Builder will boost the Luxury Real Estate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Smart Technologies Like Smart Home Systems and Gadgets in the Luxury Real Estate
Market Growth Drivers:
Rising Standard of Living of People Across the World and Increasing Demand for Luxury Vacations Among High Income Class People
Challenges:
New Entrants in the Luxury Real Estate Market Around the Developing Nation
Restraints:
Regulatory Compliances with the Luxury Real Estate
Opportunities:
Rising Investment and Spendings of Investors on the Luxury Real Estate in Developing Nation and Growing Number of People with the High Disposable Income to Invest in the Individual Luxury Real Estate
Market Leaders and their expansionary development strategies
In January 2024, Kering announced the acquisition of a prestigious New York City property comprising multi-level luxury retail spaces, totaling approximately 115,000 sq. ft, or 10,700 sq. m., located at 715-717 Fifth Avenue, on the Southeast corner of 56th Street, for a consideration of USD963m (EUR885m).
Key Target Audience
Luxury Real Estate Dealers and Suppliers, Luxury Real Estate Research and Development, Luxury Real Estate Industry Association, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.