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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Knight Frank. (July 3, 2023). Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1414793/factors-for-real-estate-demand-2023/
Knight Frank. "Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023." Chart. July 3, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1414793/factors-for-real-estate-demand-2023/
Knight Frank. (2023). Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1414793/factors-for-real-estate-demand-2023/
Knight Frank. "Leading Drivers for Luxury Residential Real Estate Demand of High-net-worth Individuals (Hnwis) Worldwide in 2023." Statista, Statista Inc., 3 Jul 2023, https://www.statista.com/statistics/1414793/factors-for-real-estate-demand-2023/
Knight Frank, Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023 Statista, https://www.statista.com/statistics/1414793/factors-for-real-estate-demand-2023/ (last visited December 30, 2024)
Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023 [Graph], Knight Frank, July 3, 2023. [Online]. Available: https://www.statista.com/statistics/1414793/factors-for-real-estate-demand-2023/
