February 15, 2025 - 20:26
2024 was a good year for the ultra-luxury real estate market, with a handful of areas standing out as the leading markets in that category, according to a report. The ultra-luxury segment, characterized by properties priced at $10 million and above, has seen significant growth, driven by high demand from affluent buyers seeking exclusive residences.
Key markets that emerged as frontrunners include prominent cities and upscale neighborhoods, which have attracted attention due to their unique offerings and amenities. These areas have not only maintained their appeal but have also experienced an increase in property values, reflecting a robust interest in high-end living.
Factors contributing to this trend include a surge in wealth among high-net-worth individuals and a desire for luxurious living spaces equipped with state-of-the-art features. As the market continues to evolve, these leading locations are expected to remain at the forefront of the ultra-luxury real estate landscape, catering to the tastes and preferences of discerning buyers.
