Expanded annual report offers insight into more than 80 of the world’s most luxurious real estate markets

Now in its third year, Luxury Defined presents an in-depth analysis of trends shaping the luxury residential real estate market globally. This year’s report ranks the world’s top 10 cities for prime property and analyzes more than 70 key regional markets worldwide, offering a fresh and comprehensive look at global activity and correlated values. The scope of the white paper, which includes the collective insights and quantitative data from the Christie’s International Real Estate network, has been widely broadened this year and establishes new benchmarks to further explore and define the dynamics and drivers impacting high-value asset classes (from fine art to real estate).


2014 welcomed a return to normality in most major cities with growth showing signs of stabilizing in locations such as Paris, New York and Sydney.

Toronto ranked as the world’s 'hottest' luxury market, and was the only Global Economic Hub city to see a faster year-on-year pace with a 37 percent increase in luxury home sales.

Second home markets led the growth of high-value sales in 2014, with 'Jet set destinations' recording on average a 28 percent year on year increase.

International second home buyers are driving market growth, particularly in Marrakech and Turks & Caicos where 100 percent of top end purchasers are from overseas.

Dubai ranks as the most popular city for second home purchases amongst global HNWIs, who accounted for 75 percent of sales

"Trophy" is the new buzz-word in luxury real estate. More properties than ever before were both sold and listed for sale at US $100 million or higher in 2014.


The Rise and Rise of the Global Luxury Real Estate Market


The Rise and Rise of the Global Luxury Real Estate Market
Strong equity markets expanded wealth levels of the world’s billionaires and millionaires in 2014, acting as a demand accelerator for prime property markets worldwide

$100 million: The New Benchmark for ‘Trophy’ Homes

$100 million: The New Benchmark for ‘Trophy’ Homes
The ultra-high end of the market established new price benchmarks in 2014, as more properties than ever changed hands for over US$100 million

Relative Values: What Does $5 Million Buy?

Relative Values: What Does $5 Million Buy
Around the world's luxury residential real estate markets, the spectrum of properties in the $5 million category differs as dramatically as the locations

Snapshot of the World's Top 10 Prime Property Markets

Snapshot of the World's Top 10 Prime Property Markets
Toronto topped the list of the world’s hottest luxury real estate markets in 2014; London ranked as the world’s most ‘luxurious’ market.

Perfect Parings: Relative Values for Fine Art & Fine Homes

Perfect Parings: Relative Values for Fine Art & Fine Homes
High value assets are not only investments, but are often acquisitions of passion. We explore the relative values of these passion assets, from a Monet masterpiece to a Maui mansion.

For more articles, please view our Luxury Defined Blog.

For more information, please contact press@christiesrealestate.com

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