{"id":18088,"date":"2022-01-17T09:00:40","date_gmt":"2022-01-17T14:00:40","guid":{"rendered":"https:\/\/sothebysrealty.ca\/insightblog\/en\/?p=18088"},"modified":"2022-01-18T13:04:44","modified_gmt":"2022-01-18T18:04:44","slug":"2022-luxury-outlook-report","status":"publish","type":"post","link":"https:\/\/sothebysrealty.ca\/insightblog\/en\/2022\/01\/17\/2022-luxury-outlook-report\/","title":{"rendered":"2022 Luxury Outlook Report"},"content":{"rendered":"<p><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">The second annual 2022 Luxury\u202fOutlook report is an in-depth exploration of high-end residential markets across the globe. In this report, we\u202ffollow the trends that are likely to shape the coming months across the world\u2019s prime housing markets \u2013 from the resurgence of urban cities to the return of the international buyer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report examines the signs of a slight shift in frenzied market of 2021, including fewer bids and homes spending more time on the market. Major industry and pandemic-related conditions keeping the market on the sellers\u2019 side are explored: low inventory, material supply issues, and inflation and relatively low interest rates securing luxury real estate as sound investments. As such, most experts predict prices will increase throughout 2022, especially after the slower winter months.&nbsp;<\/span><\/p>\n<div style=\"position: relative; padding-top: max(60%,326px); height: 0; width: 100%;\"><iframe style=\"position: absolute; border: none; width: 100%; height: 100%; left: 0; right: 0; top: 0; bottom: 0;\" src=\"https:\/\/e.issuu.com\/embed.html?d=sotheby_s_international_realty_-_luxury_outlook_20&amp;hideIssuuLogo=true&amp;pageLayout=singlePage&amp;showOtherPublicationsAsSuggestions=true&amp;u=insightmagazineart\" sandbox=\"allow-top-navigation allow-top-navigation-by-user-activation allow-downloads allow-scripts allow-same-origin allow-popups allow-modals allow-popups-to-escape-sandbox\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p><strong>The Future of Big Cities, Hybrid Work and Generational Trends Fules Real Estate Investment<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">As borders reopen, pent-up demand from international buyers will compete for limited inventory with local buyers. As such, we\u2019ll look into the future of big cities\u2014many of which bounced back more quickly than expected post-Covid lockdowns\u2014as well as how the market is likely to shape up in second-home locations and suburbs, which saw prices skyrocket due to pandemic-related migration patterns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But if 2020 and 2021 were fueled by remote work, its predicted that in 2022, hybrid work is likely to drive the market, with many looking for larger homes that can accommodate remote work yet remain within commuting distance to their office. The report also explores areas around the world poised for tax changes that may influence buyers\u2019 real estate investment plans.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Millennials are changing the market, too, finally giving up their rentals and buying homes\u2014often with money passed down by their parents. Tech companies\u2014many of which have relocated, expanded their headquarters, or are planning to do so\u2014are affecting the migration patterns of these millennials (and Gen Z, too).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, the strength of secondary and tertiary cities (now often tech hubs) is one of the trends explored, in addition to the popularity of serviced apartments and branded developments as low-maintenance homes; the increased popularity of eco-conscious house buying (think solar energy and electric-car chargers), and even the emergence of cryptocurrency, which is still in nascent stages with regards to buying and selling property, but likely not for long.<\/span><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<blockquote>\n<hr>\n<p><em>This article was originally published on <a href=\"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/2022-luxury-outlook-report-reveals-return-of-international-buyer-hybrid-work-model-fuels-real-estate-investment\">Sotheby&#8217;s International Realty&#8217;s Extraordinary Blog<\/a>, and has been adapted for Sotheby&#8217;s International Realty Canada.<\/em><\/p><\/blockquote>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>The second annual 2022 Luxury\u202fOutlook report is an in-depth exploration of high-end residential markets across the globe. In this report, we\u202ffollow the trends that are likely to shape the coming&#8230;<\/p>\n","protected":false},"author":31,"featured_media":18089,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[393],"tags":[],"class_list":["post-18088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2022 Luxury Outlook Report - Sotheby&#039;s International Realty Canada<\/title>\n<meta name=\"description\" content=\"The second annual 2022 Luxury\u202fOutlook report is an in-depth exploration of high-end residential markets across the globe. 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