Sotheby's 2023 Luxury Outlook Report

Welcome to Sotheby's 2023 Luxury Outlook report, our annual in-depth exploration of high-end residential markets across the globe. While conventional wisdom about supply and demand and interest-rate fluctuation would suggest luxury home prices should be falling, we simply did not see that in 2022. Prices, for the most part, remained steady in 2022. In this report, we follow the trends that are likely to shape the coming months across the world’s prime housing markets.

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