Factors that drive luxury real estate demand among HNWIs worldwide 2023

Published by Statista Research Department, Sep 27, 2023

Among high-net-worth individuals (HNWIs), investing was the primary factor driving luxury real estate sales. HNWIs are defined by the source as individuals with assets of 30 million U.S. dollars or more. Forty-five percent of the respondents in the survey cited investments as the primary driver for buying a luxury property, whereas lifestyle took the second place with 21 percent. Other significant factors that drive real estate sales were safe havens, job relocation, and education.

Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023

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Release date

2023

Region

Worldwide

Survey time period

2023

Special properties

The source does not provide information about the number of respondents and date of survey.

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Statistics on " Luxury real estate in South Korea "

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Other statistics that may interest you Luxury real estate in South Korea

Overview

5

Wealthy buyers

4

Prices

7

Highlight region: Seoul

6

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Topics

Luxury residential real estate in North AmericaMillennials homeownership in the U.S.Residential real estate in EuropeResidential real estate in New YorkResidential property in California
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