Hedging Inflation: The Luxury Sector Stays On the Hot List
Despite economic headwinds like rising inflation, the luxury property sector remains resilient as buyers expand their portfolio to hedge again uncertainties.
The post Hedging Inflation: The Luxury Sector Stays On the Hot List appeared first on LUXUO.
A luxury property in London.
While the geopolitical situation in Europe and East Asia is going in all the wrong directions, the stock markets gyrating and just a few weeks ago the S&P 500 capped its worst first half in more than 50 years. It is still not clear if we are in a recovery or before another major drop. Contrastingly, the property market is going strong.
In “normal” times I would suggest that the property market might follow the stock market slump. However, what I see so far is that demand is increasing from rentals as well as from buyers and investors, with emphasis on the higher end of the spectrum. Furthermore this exuberance, strong demand and price increase seem to be all over the usual property hotspots.
Home prices in the US continued to climb across the country in the second quarter, when buyer demand started to ease due to higher mortgage rates, but still exceeded the property market?s low supply. Note these are not just the usual property darlings such as San Fransisco and Manhattan. This demand and prices are up for the entire country.
Manhattan, New York.
READ MORE: Seafront Splendour ? Waterfront Properties in Malaysia
The US also experienced double-digit-percentage pri...
The post Hedging Inflation: The Luxury Sector Stays On the Hot List appeared first on LUXUO.
A luxury property in London.
While the geopolitical situation in Europe and East Asia is going in all the wrong directions, the stock markets gyrating and just a few weeks ago the S&P 500 capped its worst first half in more than 50 years. It is still not clear if we are in a recovery or before another major drop. Contrastingly, the property market is going strong.
In “normal” times I would suggest that the property market might follow the stock market slump. However, what I see so far is that demand is increasing from rentals as well as from buyers and investors, with emphasis on the higher end of the spectrum. Furthermore this exuberance, strong demand and price increase seem to be all over the usual property hotspots.
Home prices in the US continued to climb across the country in the second quarter, when buyer demand started to ease due to higher mortgage rates, but still exceeded the property market?s low supply. Note these are not just the usual property darlings such as San Fransisco and Manhattan. This demand and prices are up for the entire country.
Manhattan, New York.
READ MORE: Seafront Splendour ? Waterfront Properties in Malaysia
The US also experienced double-digit-percentage pri...
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