The luxury real estate trends for 2023

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What are the luxury real estate trends for next year? We find out in this in-depth study by Luxforsale

Over the past few years, the real estate sector has seen a sharp increase in demand for luxury properties. According to a recent study, this trend is expected to continue into 2023. The reasons are varied, but include growing global wealth and increased access to finance for luxury home purchases. But what will be the trends for the luxury real estate market in 2023?


The growth of Asian buyers
Asian buyers will undoubtedly be the real stars of 2023. In particular, it is estimated that the growth of the middle class in Asia will be a key factor in the further expansion of the luxury real estate market. China is already the leading country in the world for investment in luxury properties, followed by the United States and Great Britain. Furthermore, with the strengthening of the Indian economy, the tycoons of this country will also confirm themselves among the most active players in luxury real estate, as already analyzed in our in-depth analysis.


Technologies applied to the real estate sector
The application of new technologies in the real estate sector will be one of the main trends of 2023 in the luxury real estate market. Professionals in the sector must therefore be increasingly prepared to offer their customers innovative and cutting-edge solutions. Among the most interesting innovations that could emerge are:

- the use of augmented and virtual reality to visualize the interiors and exteriors of buildings in a realistic way;
- the use of virtual currencies and the sale not only of physical properties, but also digital ones (Luxforsale is a precursor)
- the development of chatbots and other artificial intelligence tools to facilitate the search for properties;
- the possibility of virtual visits of the properties thanks to 360 ° tours;
- monitoring of air quality, temperature and climatic conditions inside buildings;
- remote control of lighting, heating / cooling and other systems.

A new sustainable real estate market?
As the ecological transition approaches, property owners and investors are increasingly aware of the need to take a sustainable approach to natural resource management. This has led to an increase in demand for sustainable real estate solutions, such as energy efficiency, reduced use of water and recycled materials. Over the years, these demands have mainly been made by private buyers and businesses, looking for a way to reduce their eco-polluting footprint. No doubt 2023 will see further development of this trend.


Logistics will be key
According to expert estimates, in 2023 the growing demand for logistics space will continue to increase the value of investments in the real estate sector. Logistics is a crucial part of the supply chain for many products and services and the demand for logistics areas suited to citizens' needs are expected to continue to grow in the future and to interest investors. Here then is that the purchase location will be a fundamental element for the investment, which is why house prices will continue to rise in many urban areas around the world, where demand exceeds supply.

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