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Prime residential real estate continues to be immensely<br />
attractive for the world’s wealthiest individuals. Despite<br />
stock market volatility, geopolitical instability, and new<br />
regulations, luxury property markets overall still have a<br />
strong future outlook. As we look back on the winding<br />
road that the prime residential real estate market has<br />
traveled since the beginning of 2015 and into the first<br />
four months of 2016, several key themes have emerged:<br />
- While there was a slowdown in growth in some<br />
significant luxury markets throughout the world<br />
like New York and London, other markets (the<br />
“underdogs”) such as Dublin and Detroit performed<br />
extremely well.<br />
- Several cities that have seen an explosion in affluent<br />
migration, new industry wealth creation, and an<br />
uptick in their general economy, particularly those<br />
that remain “afforda<a title="Christie's Luxury Defined 2016 page 1" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=1"> </a>
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<a title="Christie's Luxury Defined 2016 page 5" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=5"> Prime residential real estate continues to be imm</a>
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<a title="Christie's Luxury Defined 2016 page 7" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=7"> Table of Contents Luxury Defined 2016: An Overvie</a>
<a title="Christie's Luxury Defined 2016 page 8" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=8"> LUXURY DEFINED: AN INSIGHT INTO THE LUXURY RESIDE</a>
<a title="Christie's Luxury Defined 2016 page 9" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=9"> $10M+ MONACO 2015 Top Sale: $66,606,000 $5M+ </a>
<a title="Christie's Luxury Defined 2016 page 10" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=10"> Ranking the World’s Top Performing Luxury Propert</a>
<a title="Christie's Luxury Defined 2016 page 11" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=11"> LUXURY DEFINED Luxury Thermometer </a>
<a title="Christie's Luxury Defined 2016 page 12" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=12"> THE NEW PARADIGM IN INTERNATIONAL LUXURY REAL EST</a>
<a title="Christie's Luxury Defined 2016 page 13" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=13"> Skyrocketing home prices and record-breaking luxu</a>
<a title="Christie's Luxury Defined 2016 page 14" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=14"> THE NEW PARADIGM IN INTERNATIONAL LUXURY REAL EST</a>
<a title="Christie's Luxury Defined 2016 page 15" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=15"> 2. Luxury property sales cool from their frenzied</a>
<a title="Christie's Luxury Defined 2016 page 16" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=16"> THE NEW PARADIGM IN INTERNATIONAL LUXURY REAL EST</a>
<a title="Christie's Luxury Defined 2016 page 17" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=17"> respective currencies over the past 12-24 months—</a>
<a title="Christie's Luxury Defined 2016 page 18" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=18"> THE NEW PARADIGM IN INTERNATIONAL LUXURY REAL EST</a>
<a title="Christie's Luxury Defined 2016 page 19" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=19"> LUXURY DEFINED 4. How long does it take to</a>
<a title="Christie's Luxury Defined 2016 page 20" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=20"> THE NEW PARADIGM IN INTERNATIONAL LUXURY REAL EST</a>
<a title="Christie's Luxury Defined 2016 page 21" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=21"> The Price of Luxury Looking ahead to the remain</a>
<a title="Christie's Luxury Defined 2016 page 22" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=22"> m WHAT DOES IT BUY AROUND THE WORLD? Similar</a>
<a title="Christie's Luxury Defined 2016 page 23" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=23"> 5M WHAT DOES IT BUY AROUND THE WORLD? What$5 Mil</a>
<a title="Christie's Luxury Defined 2016 page 24" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=24"> La Quinta, California HK Lane Real Estate 3 5,266</a>
<a title="Christie's Luxury Defined 2016 page 25" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=25"> 20 23 </a>
<a title="Christie's Luxury Defined 2016 page 26" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=26"> A RETURN TO REALISM FOR TROPHY PROPERTY PRICES? </a>
<a title="Christie's Luxury Defined 2016 page 27" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=27"> Prices of prime properties are set by location, f</a>
<a title="Christie's Luxury Defined 2016 page 28" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=28"> A RETURN TO REALISM FOR TROPHY PROPERTY PRICES? </a>
<a title="Christie's Luxury Defined 2016 page 29" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=29"> price. This reflects to some extent the challenge</a>
<a title="Christie's Luxury Defined 2016 page 30" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=30"> A RETURN TO REALISM FOR TROPHY PROPERTY PRICES? </a>
<a title="Christie's Luxury Defined 2016 page 31" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=31"> LUXURY DEFINED 10. The top real estate sal</a>
<a title="Christie's Luxury Defined 2016 page 32" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=32"> A RETURN TO REALISM FOR TROPHY PROPERTY PRICES? </a>
<a title="Christie's Luxury Defined 2016 page 33" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=33"> LUXURY DEFINED 12. Highest priced properti</a>
<a title="Christie's Luxury Defined 2016 page 34" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=34"> PERFECT PAIRINGS Perfect Pairings Explore the </a>
<a title="Christie's Luxury Defined 2016 page 35" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=35"> JAMES BOND SPECTRE Aston Martin DB10 Price realiz</a>
<a title="Christie's Luxury Defined 2016 page 36" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=36"> THE ART OF THE COLLECTION Residential luxury tre</a>
<a title="Christie's Luxury Defined 2016 page 37" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=37"> </a>
<a title="Christie's Luxury Defined 2016 page 38" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=38"> THE ART OF THE COLLECTION In-Home Art Cur</a>
<a title="Christie's Luxury Defined 2016 page 39" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=39"> Dordogne Estate, Dordogne, France Detached ga</a>
<a title="Christie's Luxury Defined 2016 page 40" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=40"> THE ART OF THE COLLECTION Off-site Privat</a>
<a title="Christie's Luxury Defined 2016 page 41" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=41"> Cars To dismiss these showcases as a garage is l</a>
<a title="Christie's Luxury Defined 2016 page 42" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=42"> THE ART OF THE COLLECTION </a>
<a title="Christie's Luxury Defined 2016 page 43" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=43"> Billiards A pool or billiards table can be a work</a>
<a title="Christie's Luxury Defined 2016 page 44" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=44"> THE ART OF THE COLLECTION </a>
<a title="Christie's Luxury Defined 2016 page 45" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=45"> LUXURY DEFINED “Compared to wine, whisk</a>
<a title="Christie's Luxury Defined 2016 page 46" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=46"> COMEBACK MARKETS 2015 ushered in a new era for s</a>
<a title="Christie's Luxury Defined 2016 page 47" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=47"> WWW.CHRISTIESREALESTATE.COM 39</a>
<a title="Christie's Luxury Defined 2016 page 48" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=48"> COMEBACK MARKETS Game-changing Industries </a>
<a title="Christie's Luxury Defined 2016 page 49" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=49"> New Affluent Buyers The Rise of the Milleniprene</a>
<a title="Christie's Luxury Defined 2016 page 50" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=50"> COMEBACK MARKETS purchase more affordable h</a>
<a title="Christie's Luxury Defined 2016 page 51" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=51"> LUXURY DEFINED Urban Resurgence: Making Downtown </a>
<a title="Christie's Luxury Defined 2016 page 52" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=52"> COMEBACK MARKETS Meet the Game Changers Be</a>
<a title="Christie's Luxury Defined 2016 page 53" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=53"> LUXURY DEFINED MIGRA</a>
<a title="Christie's Luxury Defined 2016 page 54" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=54"> THE EBB AND FLOW OF INTERNATIONAL BUYERS: EXCHANG</a>
<a title="Christie's Luxury Defined 2016 page 55" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=55"> 5 has grown fivefold in China since the beginning</a>
<a title="Christie's Luxury Defined 2016 page 56" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=56"> THE EBB AND FLOW OF INTERNATIONAL BUYERS: EXCHANG</a>
<a title="Christie's Luxury Defined 2016 page 57" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=57"> summer. This was the highest price posted in eigh</a>
<a title="Christie's Luxury Defined 2016 page 58" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=58"> Impact of Exchange Rates and Currency Movements </a>
<a title="Christie's Luxury Defined 2016 page 59" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=59"> evi ns ep xe ero China </a>
<a title="Christie's Luxury Defined 2016 page 60" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=60"> </a>
<a title="Christie's Luxury Defined 2016 page 61" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=61"> GOVERNMENT MEASURES, TAXES, VISAS Global gateway</a>
<a title="Christie's Luxury Defined 2016 page 62" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=62"> GOVERNMENT MEASURES, TAXES, VISAS Control</a>
<a title="Christie's Luxury Defined 2016 page 63" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=63"> We are experiencing an interesting tax climate fo</a>
<a title="Christie's Luxury Defined 2016 page 64" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=64"> Surveyed Affiliates: Agenzia Romolini Immobilia</a>
<a title="Christie's Luxury Defined 2016 page 65" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=65"> Sources [1] Critical Housing Analysis (2014). S</a>
<a title="Christie's Luxury Defined 2016 page 66" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=66"> INDEX METHODOLOGY Luxury Index Step 1: Seven fac</a>
<a title="Christie's Luxury Defined 2016 page 67" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=67"> </a>
<a title="Christie's Luxury Defined 2016 page 68" href="https://secure.viewer.zmags.com/publication/0cfa0be7?page=68"> Principal author: Monique Sofo Contributing autho</a>
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