Two Key Factors Will Impact the Luxury Housing Market: Report
Sotheby’s International Realty has released its global midyear outlook.
A 150-year-old, 7,500-square-foot house in Aldona, a village in Goa, India.
Source: India Sotheby’s International Realty
Elections around the world are set to have a profound, albeit temporary, impact on luxury housing, according to a new midyear Luxury Outlook report from Sotheby’s International Realty.
“We really wanted to take a temperature check on what potential the US election might have on the market,” says Chief Marketing Officer Bradley Nelson, who spearheaded the report. “Globally, what we found when we spoke with colleagues, and did research in various parts of the world, is that there does seem to be a temporary dampening in transactional activity for a very short window immediately leading into an election.”