Luxury Real Estate Trends 2019 Secrets You Need Now
Emerging Buyer Demographics
The profile of luxury real estate buyers in 2019 expanded to include younger generations, particularly millennials who were entering the market with different priorities. This demographic valued experiences over possessions and sought properties that offered lifestyle benefits, such as proximity to cultural centers, recreational facilities, and vibrant social scenes. Developers responded by creating mixed-use developments that catered to these preferences, combining residential, commercial, and leisure spaces in a single location6.
As you consider your next move in the luxury real estate market, remember that understanding these trends can provide you with a competitive edge. Whether you're looking to invest, buy, or simply explore, there are countless options available to suit your needs and aspirations. By staying informed and proactive, you can navigate the market effectively and capitalize on the opportunities it presents.