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SOTHEBY'S INTERNATIONAL REALTY RELEASES 2025 LUXURY OUTLOOK REPORT, IDENTIFYING EMERGING TRENDS FOR HIGH-END REAL ESTATE MARKET

1. US$84 trillion wealth transfer could reshape luxury real estate dynamics. 2. Projected relocation of 135,000 high-net-worth individuals may boost property demands. 3. Cities ranked as 'Best Places to Live' can see increased property values. 4. 2025 outlook suggests luxury market is adapting well despite high interest rates. 5. Expert forecasts indicate a potential upturn in the real estate cycle.

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FAQ

Why Bullish?

The projected wealth transfer and relocation patterns could drive demand for luxury properties, positively influencing HOUS.

How important is it?

The report highlights major trends that could significantly impact the luxury segment of real estate, influencing HOUS performance.

Why Long Term?

Sustained interest in luxury real estate due to wealth transfer effects may lead to prolonged positive trends, similar to past housing cycles post-recession.

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Fifth Installment of Report Reveals Insights on the US$84 Trillion Intergenerational Wealth Transfer, Elite Market Shifts, and High-Net-Worth Individual Migration Patterns NEW YORK, Jan. 23, 2025 /PRNewswire/ -- Today, Sotheby's International Realty released its 2025 Luxury Outlook℠ report, which delves into emerging trends and key developments set to shape the global luxury real estate landscape in the coming year. The report highlights significant factors including how a US$84 trillion intergenerational wealth transfer may affect the real estate market, where 135,000 high-net-worth individuals (HNWIs) are projected to relocate, and the profound impact of "Best Places to Live" rankings on a city's property values and inventory levels. "When we first introduced the Luxury Outlook report in 2021, the definition of home was undergoing a seismic shift because of the pandemic. Unprecedented changes in the real estate market created a critical need to provide our clients with timely intelligence informed in real time by our unparalleled network of global real estate advisors. Our goal with this report is to deliver strategic insights so that clients can make informed decisions in their investment portfolios," said Bradley Nelson, chief marketing officer, Sotheby's International Realty. "As we enter 2025, the global luxury property market remains resilient. Our report provides an in-depth analysis of the many indicators that validate experts' forecasts of an impending real estate cycle upturn." The 2025 Luxury Outlook report draws on insights from Sotheby's International Realty agents worldwide who specialize in transactions in the US$10M+ price category. Their expertise is complemented by data from industry leaders including J.P. Morgan Private Bank, PricewaterhouseCoopers, Cerulli Associates, Henley & Partners, UBS, and the National Association of Realtors (NAR). Key takeaways in the report include: "Amidst an environment of high interest rates, global elections, and fluctuating economic markers in 2024, the luxury housing market is showing impressive adaptability to face the year ahead," said Philip White, president and CEO, Sotheby's International Realty. "Sotheby's International Realty remains committed to providing consumers with timely information and guidance regarding their real estate portfolios." Click here to read the complete report. Sotheby's International Realty Sotheby's International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby's auction house. Today, the company's global footprint spans more than 1,100 offices located in 83 countries and territories worldwide, including 48 company-owned brokerage offices in key metropolitan and resort markets. In February 2004, Anywhere Real Estate Inc. entered a long-term strategic alliance with Sotheby's, the operator of the auction house. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a franchise system. The franchise system is comprised of an affiliate network, where each office is independently owned and operated. Sotheby's International Realty supports its affiliates and agents with a host of operational, marketing, recruiting, educational and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby's auction house, established in 1744. For more information, visit www.sothebysrealty.com. The affiliate network is operated by Sotheby's International Realty Affiliates LLC, and the company owned brokerages are operated by Sotheby's International Realty, Inc.  Both entities are subsidiaries of Anywhere Real Estate Inc. (NYSE: HOUS) a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Both Sotheby's International Realty Affiliates LLC and Sotheby's International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act. Media contact:Kristina HelbVice President of Global Communications[email protected] SOURCE Sotheby’s International Realty

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