BARNES Global Property Handbook 2023 2023 Edition
Trends & Perspectives

The 10 Key Points of a Year Marked by Upheavals

2023 Trends

The BARNES Global Property Handbook 2023 identifies the ten key structural trends that marked international prime real estate, established on the basis of surveys carried out throughout 2022 among over 82,000 BARNES clients, employees and partners.

By BARNES International
The 10 Key Points of a Year Marked by Upheavals

The BARNES Global Property Handbook 2023 identifies the ten key structural trends that marked international prime real estate, established on the basis of surveys carried out throughout 2022 among over 82,000 BARNES clients, employees and partners.

  • 01 — When entrepreneurship meets luxury real estate (p.8): property purchases have gone from static to dynamic and are now part of an overall asset diversification strategy among entrepreneurs who are constantly on the move.
  • 02 — An alternative vision of luxury (p.16): the luxury sector has gone through a digital and environmental transformation at breakneck speed, with a new phenomenon: the second-hand market, which has become one of the pillars of the development of this iconic industry.
  • 03 — UHNWI: unbalanced growth (p.20): 95% of individuals holding over 30 million dollars live in the Northern Hemisphere. The global UHNWI population totalled 392,410 individuals at the end of June 2022, a fall of -6%.
  • 04 — Increasing numbers of entrepreneurs (p.26): 76% of self-made men and 45% of self-made women have built their fortune personally. The proportion of entrepreneurs continues to grow year on year among the UHNWI.
  • 05 — More than 3,300 billionaires on the planet (p.32): the world's billionaire population is heavily dominated by men, with women representing a modest 12.9%. It is clear though that the number of billionaire women is gradually rising.
  • 06 — Investors are holding their breath in Europe (p.40): faced with international uncertainties, Europe is moving forward with scattered ranks, seemingly destabilized by the economic difficulties and the rising cost of energy.
  • 07 — Paris at the top of the BARNES City Index (p.56): kept afloat by a brand image that seems immune to crises, the Paris market is soaring to ever greater heights when it comes to truly exceptional properties.
  • 08 — St. Barts is still top of the oceanfront destinations (p.78): colors and lights intertwine in St. Barts (French West Indies) with a Caribbean take on an authentically French art de vivre, a winning formula that has seen property prices soar in 2022.
  • 09 — Whistler Blackcomb: a Canadian ski resort on top of the world (p.94): 75 miles north of Vancouver, Whistler Blackcomb (British Columbia), which hosted various alpine skiing events for the 2010 Winter Olympics, outshines its US rivals.
  • 10 — London is still a sound investment (p.118): London is once again seen as one of the soundest capitals to invest in, particularly by families who take a keen interest in its schools and universities.
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