Mansion Global’s outlook for the year, from amenities, developments, what’s in store for top markets and more
The sudden downturn housing markets took after two years of heady, frenzied activity is expected to define much of 2023, as well.
Despite subdued dealmaking worldwide, a number of trends will shape the luxury housing market in the next 12 months. For one, buyers are expected to favor urban and lower-cost markets, as workers settle into office routines once again and even the affluent look to stretch their budgets further. Meanwhile, new development will see comparatively strong sales following a period of booming construction. Many new projects, from Boston to Helsinki, are prioritizing wellness elements, fewer units and an emphasis on eco-friendliness.
Sustainability in the form of upcycling and craftsmanship will remain a strong element of high-end interior design, too. Though the most dramatic shift in terms of design will be a doubling down on maximalism—busy, colorful bursts of personality in people’s homes. By contrast, home tech is getting much quieter, as connected devices require less input than ever to keep everything from the temperature to home security running smoothly.
Read more about these and other trends in Mansion Global’s outlook for 2023 and what’s in store for luxury housing markets, design, amenities, technology and new developments.
Five Marquee Luxury Developments Launching Sales in 2023
Credit: Italy Sotheby’s International Realty
As the global luxury home market continues to define and refine itself in the wake of the pandemic, it is apparent that exclusivity, sustainability and wellness are the chief priorities of affluent buyers.
High-tech boutique developments, some with fewer than a handful of residences, that offer the ultimate in privacy and therefore safety are in much demand as are larger complexes that cater to health and well-being.
Here are some select developments around the world launching sales in 2023 that are wooing ultra-high-net-worth individuals, either as primary or seasonal residents…Read More
Hotel-Level Service, Gathering Space and Gardens Are 2023’s Top Amenity Trends
Branded residences will continue to crowd the luxury real estate market heading in the new year, as most high-end hotel chains—including St. Regis, Ritz-Carlton, Four Seasons, Waldorf Astoria, Aman Resorts, Rosewood and Mandarin Oriental—sell their version of home sweet home. Restaurant, automobile and home goods names are on board, too, such as Cipriani, Nobu, Bentley, Aston Martin and Baccarat.
Such developments, with luxury brands attached to them, will dominate high-end home amenity and lifestyle trends next year, with these companies competing to deliver the best white-glove service…Read More
In 2023, Home Tech Will Get Even Smarter
In 2023, home tech will recede further into the background—even as it takes more control of our daily lives. But humans will still have a voice, literally, in how machines run.
Voice activation will become even more pervasive and much smarter, with devices asking exactly what we mean. Meanwhile, so-called ambient computing, powered by artificial intelligence, will help our appliances and other tech run better with “over-the-air” maintenance—think automatic phone or Windows updates on a giant scale…Read More
These Noteworthy Trends Will Shape Home Design in 2023
Credit: Brittany Ambridge
Show-stopping kitchens, striking colors, and design to enhance well-being defined home design in 2022. While this past year’s trends will likely linger, exciting themes will emerge as designers and homeowners prioritize personal style and details that make life easier, happier and more fulfilling.
“I believe 2023 will be a year of curating individuality and focusing on timeless, classic spaces that don’t need reinvention every few years,” said New Jersey-based interior designer Kristina Phillips. “Now that the dust has somewhat settled, there’s a more curated and customized approach to design, with an emphasis on pulling in experiences and personalization…Read More
Real Estate Markets Set to Normalize in 2023 After Nearly Three Years of the Pandemic Boom
Photo: Getty Images
What a difference a year makes.
At the beginning of 2022, real estate markets all over the U.S. were up against huge demand, limited supply and high prices. Looking toward 2023, the landscape has changed dramatically since the Federal Reserve started raising interest rates last spring.
But although home prices are falling and homes are lingering on the market, many look at the shift as more of a normalization than a correction…Read More
Via Mansion Global