Private Office Report - Flipbook - Page 35
Summary
The majority of our advisors that responded to the questionnaire are experts on the US luxury real estate market. Consequently,
the patterns observed in the US luxury property are largely re昀氀ective of what has been observed globally. Lifestyle motivations,
namely outdoor living, and downsizing are key motivating factors for buyers and sellers in the USA. Notably the high levels
of wealth in the USA is a key factor in昀氀uencing the size of the luxury real estate market, with the USA accounting for 34% of
global liquid wealth and home to over 6 million people with over USD 1 million in liquid wealth. However, there has been a notable
increase in investment migration out of the market. This is where wealthy individuals have looked abroad to support business
expansion, access to healthcare and schools as well as cross-boarder security and planning. While initial post-election shock
resulted in an increase in US HNW individuals looking to move abroad, this was sustained through early 2025.
"The biggest di昀昀erence I’m seeing compared to 12 months ago is the shift in buyer
motivation. More and more buyers are leaving the city and looking to our market for
greater space, privacy, and lifestyle. They want larger homes, usable land, and
communities that o昀昀er safety and connection but all the while still being close enough
to Los Angeles, Malibu, and Beverly Hills. That desire for balance between convenience
and quality of life has become the driving force in many of today’s transactions."
Jaime Krupnick | Private O昀케ce Advisor
Westlake Village | +1 (310) 749-0703 | jaime.krupnick@evrealestate.com
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