PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1745786
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1745786
Global Luxury Residential Real Estate Market Assessment, By Property Type, By Price Range, By Region, Opportunities and Forecast, 2018-2032F
Global luxury residential real estate market is expected to witness a CAGR of 5.62% during the forecast period 2025-2032, growing from USD 646.58 billion in 2024 to USD 1,001.36 billion in 2032. The market has experienced significant growth in recent years and is expected to maintain a medium pace of expansion in the upcoming years due to increasing interest of milliners towards luxury properties and smart facilities in homes.
Luxury house is currently experiencing a boom in all over the world, driven by factors such as economic growth in countries such as China, India and UAE with rapid urbanization in emerging economies, rising individual earnings, and growing demand for an opulent lifestyle. Larger rooms and enough playing area with contemporary and smart amenities and exquisite architectural layouts that guarantee immersive living are now in high in demand on a global level.
Luxury real estate developers are deliberately focusing on offering fully furnished properties, self-contained apartments with smart amenities that incorporate every aspect of contemporary living. Another contributing factor is the shift in lifestyle preferences, particularly post-pandemic. Many individuals have reassessed their living situations, leading to a heightened demand for larger homes with more smart amenities with new technology. This kind of trend is particularly evident in suburban and semi-urban areas, where customers are looking for spacious properties that accommodate remote work, family activities and social gathering. Luxury homes with outdoor spaces, home offices, and features like gym, swimming pool and large size halls facilities are now highly in demand.
For instance, in May 2024, DLF Limited, a luxury real estate company based in India announced to enter the residential real estate property market in Mumbai, with flats priced between USD 3.1 million to USD 3.3 million.
Increasing Disposable Income of Buyers
Increasing disposable income significantly influences consumer behavior and market dynamics, particularly in sectors such as luxury real estate. As disposable income rises, buyers experience enhanced purchasing power and invest in luxury properties, which enabling them to invest in high-end properties that may have previously been out of reach. This increased financial flexibility allows individuals to explore a wider range of luxury options for living a luxury life, from upscale condominiums to spacious single-family homes.
Higher incomes make an impact on increase in demand for luxury real estate homes. Wealthy consumers are more risen to seek properties that offer premium features and amenities, which reflecting their desire for good quality living standards and exclusivity. This demand extends to various aspects of luxury living, such as custom interiors and design, outdoor spaces for kids, and advanced home technologies. Buyers are not only looking for a place to live but also for a lifestyle that aligns with their aspirations, therefore market players are actively expanding their business and providing services all over the globe.
For Instance, in October 2023, Coldwell Banker Real Estate LLC, a luxury real estate company based in North America, announced to accelerate its global expansion, and decided to enter three new countries and regions as it carries to provide outstanding service to an increasing number of customers across the globe.
Customers' Preference Shift Towards Second Homes and Vacation Properties
In recent years, there has been a significant shift in consumer preferences toward second homes and vacation properties. This trend reflects changing lifestyles of young millionaires, economic conditions, and a growing desire for more flexible living arrangements for families. This flexibility has led to increased interest in second homes or vacation properties where they can enjoy a change of scenery while continuing to work or spend quality time with family. Second homes and vacation properties are often viewed as attractive investment opportunities. Many buyers see these properties to diversify their property portfolios, generate rental incomes, and potentially appreciate over time. The rise of short-term rental platforms has made it easier for owners to monetize their properties when not in use, further increasing the appeal of owning a vacation home like offbeat property and villas.
For instance, in November 2023, Oberoi Realty Limited company located in Mumbai, India, a luxury real estate company, paid USD 87 million for 14.8 acres of land in Gurugram, Haryana. On the property, the business intends to build a project for luxury residential group housing.
Apartments/Condominiums Segment Dominate Market
The demand for luxury apartments with smart amenities is surging in metro cities worldwide, especially emerging economies like China and India, reflecting a significant shift in customers preferences for luxury real estate properties. Urban living has evolved, with residents seeking not just stylish and aesthetics homes but also enhanced convenience with high security that technology provides like AI enable doors and machines. This trend is particularly in major metropolitan cities, where the pace of life is fast, and space is at a premium.
Customers are attracted to smart home features, such as automated lighting, climate control systems, and advanced security systems. These kinds of amenities not only provide comfort and ease but also contribute to energy efficiency, appealing to environmentally conscious consumers and helping to take buyers' decisions. The ability to control home systems remotely via smartphones and voice-activated devices adds an element of modern luxury that many buyers find irresistible. Safety and security are also top priorities for buyers, when they buy luxury flats. Luxury flats that feature smart security systems such as video surveillance, smart locks in all types of doors, and 24/7 monitoring provide peace of mind for residents.
For Instance, in January 2024, DLF Limited successfully sold 1,113 luxury flats in Gurugram, India, in just three days after the project's pre-launch. This marks the second successful luxury residential project launch in Gurugram within a year, highlighting the strong interest in luxury flats with strong smart amenities.
North America Dominates the Luxury Residential Real Estate Market
North America region is continuing to lead the luxury residential real estate market over the last couple of years and expected to lead in future, characterized by a robust demand for high-end properties in major metropolitan areas. Cities like New York, Los Angeles, and Miami are renowned for their luxury offerings in home property, attracting and influencing buyers both domestically and internationally. North America strong economic performance, coupled with a diverse and growing population of high-net-worth individuals and continue growing disposable income has created demand for luxury real estate development in all kinds of residential properties across the North America region.
One of the main key factors contributing to North America's dominance is the wealthy buyers in urban areas. North America seen significant increases in disposable income among affluent buyers, allowing them to invest in luxury homes and luxury flats that meet their evolving lifestyle preferences and home demand. Many home buyers are seeking properties that offer not only luxury but also unique and standard features, such as smart home technology, eco-friendly and modern designs. This demand is reflected in the booming high-end real estate market, which continues to evolve with the preferences of its home buyers.
For instance, in May 2023, D.R. Horton, Inc., North America based real estate company announced the acquisition of Truland Homes, the largest private homebuilder along the Gulf Coast. The homebuilding assets of Truland Homes acquired, include approximately 263 lots, 155 homes and 55 homes.
Future Market Scenario (2025 - 2032F)
Increasing disposable income and rapid urbanization over the globe is expected to drive the luxury residential real estate market in future.
Continues Economic growth and tech integration with smart home facilities drive overall demand for luxury homes, with a focus on smart technologies and sustainable living over the globe.
Interest of millennials and Gen Z's boost market with high CAGR in future and drive luxury living lifestyle.
North America is expected to lead the overall market due to high interest of luxury lifestyle and AI technology integration in real estate properties in future.
Key Players Landscape and Outlook
The luxury residential real estate market is primarily shaped by influential developers, brokerages, and investment firms. Companies Looking ahead to the market expansion and significant growth opportunities, driven by sustained demand for luxury homes, particularly in urban centers and desirable vacation destinations. Many players are prioritizing eco-friendly building practices and energy-efficient designs to meet the expectations of environmentally conscious buyers. Technological integration will also play a crucial role, as firms enhance their marketing strategies with digital tools, virtual tours, and advanced property search functionalities.
With the increase in luxury housing demand, the revenue of associated developers are increasing. For instance, in May 2025, DLF Limited recorded its highest-ever sales bookings at approximately USD 2.54 billion for the financial year FY2025, marking a 44 percent rise from approximately USD 1.77 billion in FY2024.
Table of Contents
1. Project Scope and Definitions
2. Research Methodology
3. Impact of U.S. Tariffs
4. Executive Summary
5. Voice of Customers
- 5.1. Factors Considered in Purchase Decisions
- 5.1.1. Location and Exclusivity
- 5.1.2. AI Integration in Luxury Real Estate Property
- 5.1.3. Privacy, Security and Lifestyle
- 5.1.4. Investment Value and Wealth Preservation
6. Global Luxury Residential Real Estate Market Outlook, 2018-2032F
- 6.1. Market Size Analysis & Forecast
- 6.1.1. By Value
- 6.2. Market Share Analysis & Forecast
- 6.2.1. By Property Type
- 6.2.1.1. Villas
- 6.2.1.2. Apartments/Condominiums
- 6.2.1.3. Single Family House
- 6.2.1.4. Others
- 6.2.2. By Price Range
- 6.2.2.1. USD 1 Million to 5 Million
- 6.2.2.2. USD 6 Million to 10 Million
- 6.2.2.3. Above USD 10 Million
- 6.2.3. By Region
- 6.2.3.1. North America
- 6.2.3.2. Europe
- 6.2.3.3. Asia-Pacific
- 6.2.3.4. South America
- 6.2.3.5. Middle East and Africa
- 6.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
- 6.2.1. By Property Type
- 6.3. Market Map Analysis, 2024
- 6.3.1. By Property Type
- 6.3.2. By Price Range
- 6.3.3. By Region
7. North America Luxury Residential Real Estate Market Outlook, 2018-2032F*
- 7.1. Market Size Analysis & Forecast
- 7.1.1. By Value
- 7.2. Market Share Analysis & Forecast
- 7.2.1. By Property Type
- 7.2.1.1. Villas
- 7.2.1.2. Apartments/Condominiums
- 7.2.1.3. Single Family House
- 7.2.1.4. Others
- 7.2.2. By Price Range
- 7.2.2.1. USD 1 Million to 5 Million
- 7.2.2.2. USD 6 Million to 10 Million
- 7.2.2.3. Above USD 10 Million
- 7.2.3. By Country Share
- 7.2.3.1. United States
- 7.2.3.2. Canada
- 7.2.3.3. Mexico
- 7.2.1. By Property Type
- 7.3. Country Market Assessment
- 7.3.1. United States Luxury Residential Real Estate Market Outlook, 2018-2032F*
- 7.3.1.1. Market Size Analysis & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share Analysis & Forecast
- 7.3.1.2.1. By Property Type
- 7.3.1.2.1.1. Villas
- 7.3.1.2.1.2. Apartments/Condominiums
- 7.3.1.2.1.3. Single Family House
- 7.3.1.2.1.4. Others
- 7.3.1.2.2. By Price Range
- 7.3.1.2.2.1. USD 1 Million to 5 Million
- 7.3.1.2.2.2. USD 6 Million to 10 Million
- 7.3.1.2.2.3. Above USD 10 Million
- 7.3.1.2.1. By Property Type
- 7.3.1.1. Market Size Analysis & Forecast
- 7.3.2. Canada
- 7.3.3. Mexico
- 7.3.1. United States Luxury Residential Real Estate Market Outlook, 2018-2032F*
All segments will be provided for all regions and countries covered
8. Europe Luxury Residential Real Estate Market Outlook, 2018-2032F
- 8.1.1. Germany
- 8.1.2. France
- 8.1.3. Italy
- 8.1.4. United Kingdom
- 8.1.5. Russia
- 8.1.6. Netherlands
- 8.1.7. Spain
- 8.1.8. Turkey
- 8.1.9. Poland
9. Asia-Pacific Luxury Residential Real Estate Market Outlook, 2018-2032F
- 9.1.1. India
- 9.1.2. China
- 9.1.3. Japan
- 9.1.4. Australia
- 9.1.5. Vietnam
- 9.1.6. South Korea
- 9.1.7. Indonesia
- 9.1.8. Philippines
10. South America Luxury Residential Real Estate Market Outlook, 2018-2032F
- 10.1.1. Brazil
- 10.1.2. Argentina
11. Middle East and Africa Luxury Residential Real Estate Market Outlook, 2018-2032F
- 11.1.1. Saudi Arabia
- 11.1.2. UAE
- 11.1.3. South Africa
12. Porter's Five Forces Analysis
13. PESTLE Analysis
14. Pricing Analysis
15. Market Dynamics
- 15.1. Market Drivers
- 15.2. Market Challenges
16. Market Trends and Developments
17. Case Studies
18. Competitive Landscape
- 18.1. Competition Matrix of Top 5 Market Leaders
- 18.2. SWOT Analysis for Top 5 Players
- 18.3. Key Players Landscape for Top 10 Market Players
- 18.3.1. DLF Limited
- 18.3.1.1. Company Details
- 18.3.1.2. Key Management Personnel
- 18.3.1.3. Products and Services
- 18.3.1.4. Financials (As Reported)
- 18.3.1.5. Key Market Focus and Geographical Presence
- 18.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 18.3.2. Lennar Homes, LLC
- 18.3.3. PulteGroup, Inc.
- 18.3.4. Oberoi Realty Limited
- 18.3.5. Mill Creek Residential Trust LLC
- 18.3.6. Godrej Properties Limited (GPL)
- 18.3.7. Lodha Group
- 18.3.8. Swire Properties Limited
- 18.3.9. Emaar Properties PJSC
- 18.3.10. City Developments Limited
- 18.3.1. DLF Limited
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
19. Strategic Recommendations
20. About Us and Disclaimer
List of Tables
- Table 1. Competition Matrix of Top 5 Market Leaders
- Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 3. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 2. Global Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 3. Global Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 4. Global Luxury Residential Real Estate Market Share (%), By Region, 2018-2032F
- Figure 5. North America Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 6. North America Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 7. North America Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 8. North America Luxury Residential Real Estate Market Share (%), By Country, 2018-2032F
- Figure 9. United States Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 10. United States Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 11. United States Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 12. Canada Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 13. Canada Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 14. Canada Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 15. Mexico Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 16. Mexico Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 17. Mexico Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 18. Europe Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 19. Europe Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 20. Europe Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 21. Europe Luxury Residential Real Estate Market Share (%), By Country, 2018-2032F
- Figure 22. Germany Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 23. Germany Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 24. Germany Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 25. France Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 26. France Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 27. France Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 28. Italy Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 29. Italy Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 30. Italy Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 31. United Kingdom Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 32. United Kingdom Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 33. United Kingdom Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 34. Russia Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 35. Russia Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 36. Russia Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 37. Netherlands Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 38. Netherlands Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 39. Netherlands Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 40. Spain Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 41. Spain Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 42. Spain Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 43. Turkey Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 44. Turkey Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 45. Turkey Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 46. Poland Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 47. Poland Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 48. Poland Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 49. South America Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 50. South America Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 51. South America Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 52. South America Luxury Residential Real Estate Market Share (%), By Country, 2018-2032F
- Figure 53. Brazil Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 54. Brazil Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 55. Brazil Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 56. Argentina Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 57. Argentina Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 58. Argentina Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 59. Asia-Pacific Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 60. Asia-Pacific Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 61. Asia-Pacific Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 62. Asia-Pacific Luxury Residential Real Estate Market Share (%), By Country, 2018-2032F
- Figure 63. India Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 64. India Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 65. India Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 66. China Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 67. China Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 68. China Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 69. Japan Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 70. Japan Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 71. Japan Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 72. Australia Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 73. Australia Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 74. Australia Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 75. Vietnam Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 76. Vietnam Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 77. Vietnam Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 78. South Korea Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 79. South Korea Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 80. South Korea Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 81. Indonesia Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 82. Indonesia Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 83. Indonesia Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 84. Philippines Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 85. Philippines Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 86. Philippines Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 87. Middle East & Africa Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 88. Middle East & Africa Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 89. Middle East & Africa Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 90. Middle East & Africa Luxury Residential Real Estate Market Share (%), By Country, 2018-2032F
- Figure 91. Saudi Arabia Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 92. Saudi Arabia Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 93. Saudi Arabia Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 94. UAE Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 95. UAE Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 96. UAE Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 97. South Africa Luxury Residential Real Estate Market, By Value, In USD Billion, 2018-2032F
- Figure 98. South Africa Luxury Residential Real Estate Market Share (%), By Property Type, 2018-2032F
- Figure 99. South Africa Luxury Residential Real Estate Market Share (%), By Price Range, 2018-2032F
- Figure 100. By Property Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
- Figure 101. By Price Range Map-Market Size (USD Billion) & Growth Rate (%), 2024
- Figure 102. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024
