How Sotheby's Is Avoiding the Real Estate Slowdown

Sotheby's International Realty experienced a record year in 2016, with 127,000 luxury transactions worldwide. CEO Phillip White attributes this success to strong demand, despite challenges in supply, and a focus on customer experience. The brand has expanded into 70 countries, with significant strength in major U.S. cities. Global trends like populism have positively impacted the luxury real estate market. Sotheby's continues to thrive by adhering to its principles and expanding its global presence.

What was the annual sales volume of Sotheby's International Realty in 2016?

How many luxury transactions did Sotheby's International Realty report around the world?

What challenges is the supply side facing in the US real estate market according to Phillip White?

Which cities in the United States are mentioned as strong markets for Sotheby's International Realty?

What factors are contributing to the increase in popularity of luxury real estate?