Sothebys Luxury Outlook Report 2023

An ambitious exploration into high-end residential markets across the globe.

Welcome to the Sotheby’s International Realty 2023 Luxury Outlook.

We hope this report helps you navigate this fast-moving and ever-changing real estate market.

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 the pages that follow, we’ll also look beyond the real estate sector, to see what consumers of luxury goods desire, from sustainable luxury items to record-breaking auction sales, to wine investments. Now more than ever, we know that the affluent want to spend their equity wisely, and we’re here to help them do just that.


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Outlook Report