Luxury real estate

Despite the high price tag and the tough economy, the demand for luxury housing worldwide is on the rise.

• True

• False

• Don't know

Which city has the highest average price per square foot of prime residential property ?

• London

• New York

• Hong Kong

• Tokyo

In the most expensive real estate market, prices dropped back a few percentage points in 2023

• True

• False

• I don't know

In the most expensive real estate market, the average price per sq. f. of residential property is around :

• $28,000

• $20,000

• $15,000

• $9,500

Like other luxury products, luxury real estate is considered to be a Veblen good

• True

• False

• I don't know

In the U.S., the average time needed to sell a luxury property is close to :

• 120 days

• 80 days

• 50 days

In the U.S., the growth of demand for the luxury sector is heavily driven by which generation ?

• Millenials

• Gen Z

• Gen X

• Boomers

The new demographic segment who could have a big impact on the luxury property market is called the :

• CARRYs

• TOMMYs

• HENRYs

• LACYs