Luxury Outlook 2023

​​We are pleased to present the 2023 edition of Luxury Outlook by Sotheby's International Realty. This report provides an analysis of the luxury real estate market in 2022 across the world, and highlights the trends likely to shape global high-end real estate markets in the months ahead.

We hope this report helps you navigate this ever-changing real estate market. While conventional wisdom about supply and demand and fluctuating interest rates would suggest that luxury real estate prices are starting to decline, we just haven't seen that happen in 2022. Prices for most, and in particular on the Basque Coast, remained stable in 2022.
 

This report also offers analysis of the luxury market, beyond the real estate sector, to see what buyers and investors want, from durable luxury items to record auctions, including investments in wine or art. Now more than ever, we know that wealthy people want to spend their capital wisely, and we're here to help them do just that.

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