2018: The Year Ahead in Luxury Real Estate
Your guide to new developments and smart-home, amenities, design and market trends
For the global luxury real estate market, 2018 is poised to be a year of adjustments, as the U.S. will be impacted by the massive rewriting of the tax code, while cooling measures are still in play in London and Sydney.
But with change, there’s also excitement, as luxury developments with breathtaking amenities launch sales throughout the year. Among them are high-end models that are the brainchild of the world’s top designers and a exciting new trend called “Agrihoods,” or communities, built around farms.
Join Mansion Global as we guide you through everything you need to know about luxury real estate in the new year.
Concerns over tax changes and government regulation will buffet luxury housing markets around the world, as punitive stamp duties in places like London and Sydney and the biggest overhaul to the U.S. tax code in decades play out in 2018.
For foreign investors, second-home buyers and flexible workers, it will be a race to dodge new taxes. In the U.S., buyers of multi-million dollar homes will feel the squeeze as Congress looks to limit a tax deduction for property taxes and interest on mortgages. A plan to remove tax deductions for state and local income tax may cause a minor shuffle as wealthy self-employed workers, empty nesters and others look to ditch high-tax states like New York and Connecticut for homes in places like Florida, experts say...Read More
Health and wellness in new developments is a trend that shows no sign of abating in 2018.
Consumer demand for wellness-lifestyle real estate and communities is on the rise globally, according to the Global Wellness Institute, a Miami-based nonprofit educational foundation. In 2017, the Institute pegged the wellness-lifestyle real estate and communities market at $119 billion, growing at a rate of 9% a year, and estimated it to jump to $153 billion by 2020.
A recent survey by the American Lives market research firm of American households with annual incomes over $75,000 found that 25% are already “very interested” in living in a wellness community...Read More
What will 2018 hold for the smart home? We’ll get a better sense in two weeks’ at CES 2018, the annual gathering of all things tech, but barring a revolutionary refrigerator or ground-breaking garden-monitoring system, it looks to be an expansion of 2017’s progress—and battles.
The Big Guys will be working to get their smart speakers in your home, A.I. assistants will be showing up in every available device, and a better way to Wi-Fi will continue to expand.
Our thoughts on what to expect (and a look forward to) in 2018...Read More
Whether it’s a must-have new kitchen gadget in a high-end spec house in Los Angeles or whole floors of party rooms, pools and gym clubs in New York and Miami condo buildings, the right amenities continue to be a key factor in real estate sales.
“Amenity packages have become quite unbelievable,” said Frances Katzen, a new development agent at Douglas Elliman in New York, ticking off must-haves for buildings that include lobby stroller storage, simulated golf, children’s gaming rooms and pet spas.
“Everybody is trying to outdo each other as far as size, height and finishes—and then it’s all about the amenities,” she said...Read More
It’s nearly 2018. And, as another year changes, so do the home design and decor trends, naturally.
Whether you’re looking to overhaul your home entirely, or just give it a few fresh updates, here’s a guide to the hottest looks, courtesy of the design pros. Major inspiration ahead...Read More