- The company
Sotheby's: Luxury Outlook Report 2023
In its recently published Luxury Outlook Report 2023, Sotheby's International Realty examined the global markets for premium real estate. Despite rising interest rates, the report shows that a majority of premium real estate agents remain interested in high-end properties. This is true even after years of growth in the real estate sector and historically low interest rates.
The report is based on a survey of Sotheby's International Realty brokers worldwide who handle transactions in the $10 million-plus price range. The results were supplemented by data from other leading industry experts, including Morgan Stanley, the Federal Reserve, Credit Suisse, Wells Fargo Wealth & Investment Management, the National Association of Realtors and experts from Sotheby's Auction House.
Stable prices in top real estate locations: German premium properties hold their own
The partners of Sotheby's International continue to record stable prices for top properties in prime locations in Germany. These are particularly sought after by private investors with high equity for personal use, including vacation homes along the German coasts. However, demand for project developments is restrained as interested buyers are currently waiting for the completion process. Overall, Germany is a buyer's market, but sellers can still make a profit as residential real estate prices have risen steadily over decades.
Popular districts & locations
- Real estate agent Munich
- Real estate agent Munich Grünwald
- Real estate agent Munich Bogenhausen
- Real estate agent Munich Schwabing
- Real estate agent Munich Lehel
- Real estate agent Tegernsee
- Real estate agent Chiemsee
- Real estate agent Starnberger See
- Real estate agent Upper Bavaria
- Exclusive real estate