No crisis in luxury real estate in the United States

The luxury real estate market is expected to reach US $1,173 billion (+102%).

According to a recent report by Fact.MR. (USA), the furnished luxury homes segment is expected to reach a value of US $580 billion in 2024 and grow to $1,173 billion by 2034 (+102%).

In the US, transactions in the first quarter of 2024 increased by 2% year-on-year, the highest growth since August 2021 (source: Redfin). In the first half of 2024, Spain will record a 40% growth in sales of real estate valued above €1 million. Italy will see the same trend, reaching €5.3 billion by 2031, with an estimated annual CAGR of 1% (source: Metastat Insights).

Smart technology (automated lighting and security systems, voice-controlled household appliances, etc.) is expected to drive growth, along with environmental sustainability (eco-friendly and energy-efficient buildings) and wellness (state-of-the-art fitness centres, spa facilities and large gardens), while privacy is also an important factor.

The luxury home market stands out in particular for its high level of customisation in terms of both architecture and furnishings.