The Demand for Luxury Real Estate Examined Over the last 2.5 years, the state of the luxury real estate market has become one of the hottest topics discussed in news outlets, multi-media platforms, and within the industry itself. Conversations initially focused on spiraling demand and rising prices.
This was soon followed by reports on the increasing demand for multi-faceted relocations and migrations. After which, the impact of falling inventory levels took prime spot. While these topics are still highly key in understanding the current market, the declining sales volume has become the most recent focus of attention by the media.
Reports of plunging sales have sparked much discussion as to what the spring market will bring, coupled with the uncertainty about the economy and whether there will be any further changes to the interest rate. But there is also quiet optimism in the air.
