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Sotheby’s International Realty’s new report predicts a very good year for luxury real estate in 2022.
Bradley Nelson, chief marketing officer of Sotheby’s International Realty, has released his report on the outlook for luxury in 2022. According to him, 2022 will be a powerful combination of sky-high premiums, accelerating intergenerational wealth transfers, low interest rates. The specter of inflation “makes investing in a tangible, fixed asset like real estate attractive to many people balancing their portfolios,” he says.
The environment is such that no matter how high a property is priced, demand and competition will push its price up the market. “The real estate market is now driven by hybrid versus remote work,” and tax considerations continue to drive luxury buying decisions. “That’s really the headline, both in the U.S. and internationally,” he adds.
Finally, Nelson says the biggest impact on luxury real estate will gradually emerge over the next five years: “Crypto transactions,” he says, “will grow exponentially.” Companies active in the markets today include Gaucho Group Holdings, Marriott International, Hyatt Hotels Corporation, Hilton Worldwide Holdings and MGM Resorts International.
At Gaucho Group Holdings, the company, which includes a growing collection of e-commerce platforms with a focus on wine, luxury real estate and leather products and accessories, announced today that it has received official approval from the municipality of San Rafael for the master plan of its Algodon Wine Estates, a 4,138-acre wine, wellness, culinary and sports estate and luxury residential development, in San Rafael, Argentina.
Hyatt Hotels Corporation, meanwhile, recently announced that a Hyatt subsidiary has entered into a franchise agreement with Thera Island Suites S.A., owner of Magma Resort Santorini, and Athens-based SWOT Hospitality, which will operate the hotel. The hotel, scheduled to open in 2022, will join The Unbound Collection by Hyatt portfolio as the first Hyatt-affiliated resort in the Greek islands. It will feature 59 rooms, including 24 suites. The agreement underscores Hyatt’s strategy to expand its brand presence in the leisure and independent collection segments in key European leisure destinations.
Read also> SOTHEBY’S INTERNATIONAL REALTY OPENS ITS FIRST OFFICE IN OMAN
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Sotheby’s International Realty’s new report predicts a very good year for luxury real estate in 2022.
Bradley Nelson, chief marketing officer of Sotheby’s International Realty, has released his report on the outlook for luxury in 2022. According to him, 2022 will be a powerful combination of sky-high premiums, accelerating intergenerational wealth transfers, low interest rates. The specter of inflation “makes investing in a tangible, fixed asset like real estate attractive to many people balancing their portfolios,” he says.
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Sotheby’s International Realty’s new report predicts a very good year for luxury real estate in 2022.
Bradley Nelson, chief marketing officer of Sotheby’s International Realty, has released his report on the outlook for luxury in 2022. According to him, 2022 will be a powerful combination of sky-high premiums, accelerating intergenerational wealth transfers, low interest rates. The specter of inflation “makes investing in a tangible, fixed asset like real estate attractive to many people balancing their portfolios,” he says.
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