Thinking Outside the Box When It Comes to Luxury Real Estate

For many years, the world saw the United States as the haven for #luxury real estate. The Hamptons. Miami Beach. Aspen. All places where wealthy buyers from outside the US flocked to pick up a second, third or even fourth home. But does the assumption that the global elite are still choosing the States as their primary market still hold true?

Not necessarily.

With European interest in American luxury homes waning, prospective buyers – across all age groups – are looking to new places to find the perfect home for their collections. European resort towns like Marbella, Bassin D’Arcachon and Forte dei Marmi are all piquing the interest of the global elite.

Likewise, wealthy foreign buyers are sticking closer to home to make their luxury home purchases. Why? Europeans are finding it easier to create their wealth in proximity to where they grew up. No longer is it an assumption that they must flock to America to make their fortune.

Whatever the reasons, luxury real estate brokers here in the States would do well to keep an eye on the global markets. At least if they want to grow their luxury home sales portfolios.

Read more here.

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