Sotheby’s International Realty has 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).