Ready-to-move-in Luxury Homes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:
Residential Buyers to Outnumber Corporate Buyers in the Global Ready-to-Move-In Luxury Homes Market
The global luxury real estate landscape is witnessing a significant shift as residential buyers are poised to outnumber corporate counterparts in the ready-to-move-in luxury homes market. According to a comprehensive market analysis conducted by Fairfield Market Research, the residential buyer segment is projected to lead the market during forecast period, marking a robust Compound Annual Growth Rate (CAGR) of 8.0%.
Rise of Residential Buyers: Luxury Amenities and Real Estate Investment Opportunities
Several factors are driving the surge in residential buyers within the global ready-to-move-in luxury homes market. A key catalyst is the increasing preference for luxury amenities, particularly evident in the United States. Amidst global political instability and potential currency fluctuations, affluent buyers are seeking stable and lucrative real estate investments, with cities like New York City's super luxury housing market drawing considerable attention, featuring properties priced at US$10 million or more.
In coveted residential areas such as Bel Air, Brentwood, and Beverly Hills in Los Angeles, single-family homes reign supreme, offering a plethora of opulent amenities. Discerning buyers of super-prime properties gravitate towards residences boasting private entrances, spa and wellness facilities, and five-star hotel services. The allure of U.S. metropolitan cities continues to attract ultra-wealthy individuals worldwide, as buyers meticulously evaluate location and amenities, fueling demand for ready-to-move-in luxury homes.
Moreover, the advent of cryptocurrencies has catalyzed market growth by revolutionizing property transactions, offering unparalleled speed, efficiency, and security. With an increasing number of individuals leveraging cryptocurrencies for real estate transactions, the market is witnessing a paradigm shift towards digital peer-to-peer transactions, particularly appealing for international buyers seeking seamless and expedited processes.
Corporate Buyer Dynamics: Business Travels Driving Demand
While residential buyers dominate the market, corporate buyers are experiencing a surge in demand for ready-to-move-in luxury homes, propelled by factors such as escalating business travel and corporate mobility. Urban and suburban areas, notably in regions like Latin America, are witnessing a profound impact on economic progress and corporate mobility, driving the demand for serviced apartments.
Business travel emerges as a significant driver, with global spending in this category surging at a rapid pace. Furthermore, the relocation of working professionals contributes to the market's momentum, particularly evident in countries like India, where the service sector is experiencing unprecedented growth. As the destination of choice for numerous working professionals from around the globe, India is witnessing a surge in demand for ready-to-move-in luxury homes.
Competitive Analysis:
Key Companies Profiled:
Houzz Inc.
HomeAdvisor, Inc.
The Porch Company, Inc.
Livspace
Algedra Group
Al Zaher Interiors
Others
Segmentation of the ready-to-move-in luxury homes market
By Type of Home
Super Luxury Homes
Luxury Homes
By Unit Size
1,000-3,000 Square Feet
More than 3,000 Square Feet
By End User
Residential Buyer (Individual)
Corporate Buyer
By Region
U.S.
India
Mumbai
Bangalore
GCC
Dubai
Abu Dhabi
Table of Contents
1. Executive Summary
1.1. Global Ready-to-move-in Luxury Homes Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Ready-to-move-in Luxury Homes Market Outlook, 2018 - 2031
3.1. Global Ready-to-move-in Luxury Homes Market Outlook, by Type of Home, Value (US$ Mn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Super Luxury Homes
3.1.1.2. Luxury Homes
3.2. Global Ready-to-move-in Luxury Homes Market Outlook, by Unit Size, Value (US$ Mn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. 1,000-3,000 Square Feet
3.2.1.2. More than 3,000 Square Feet
3.3. Global Ready-to-move-in Luxury Homes Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Residential Buyer (Individual)
3.3.1.2. Corporate Buyer
3.4. Global Ready-to-move-in Luxury Homes Market Outlook, by Region, Value (US$ Mn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Ready-to-move-in Luxury Homes Market Outlook, 2018 - 2031
4.1. North America Ready-to-move-in Luxury Homes Market Outlook, by Type of Home, Value (US$ Mn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Super Luxury Homes
4.1.1.2. Luxury Homes
4.2. North America Ready-to-move-in Luxury Homes Market Outlook, by Unit Size, Value (US$ Mn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. 1,000-3,000 Square Feet
4.2.1.2. More than 3,000 Square Feet
4.3. North America Ready-to-move-in Luxury Homes Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031