Luxury Real Estate Market Sees Cash Dominance and Continued High Demand
The luxury real estate market is experiencing a split due to economic uncertainty, with ultra-wealthy buyers ($30 million+ net worth) continuing to make large cash purchases and drive market activity, while less wealthy buyers are more cautious and sensitive to interest rates. Despite overall sales fluctuations and price reductions, high-end buyers see real estate as a safe asset and are demanding more luxurious amenities, reflecting a shift in buyer behavior in a volatile economic environment.
