Luxury real estate agents can be recognized by their peers and profession, but the most important critic will always be their client. As far as the general public is concerned, a luxury real estate agent is as good as the review from the last transaction.
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Contemporary luxury homebuyers are looking for certain high-end specifics. Once luxury real estate agents unravel this mystery, they are well on their way to understanding their upscale clients. Of course, agents can never rest on their laurels because the desires of luxury purchasers can change from year to year — and even from season to season.
The global luxury real estate sector is just coming out of a year of growth in 2015 with more wealthy prospects in sight during the coming months. An ever-increasing group among the affluent are extremely optimistic about their future.
The most prolific foreign homebuyer is an ultra high net worth (UHNW) individual — and they are buying luxury real estate. The UHNW designation means that they have assets of at least $30 million. The group’s purchasing activity is fueled by specific trends and motivations such as the desire to diversify safe investments or a plan to gain citizenship.
When most people think of luxury real estate, they often envision palatial mansions on large spreads of land. But for those with the ability to buy luxury, size doesn’t always matter. For them, location is far more important.