“2024 Luxury Real Estate Forecast: Insights from Brown Harris Stevens CEO Bess Freedman”

In a recent interview with a renowned CEO in the real estate industry, key insights were shared regarding the forecast for luxury real estate in 2024. The CEO, Bess Freedman, shed light on the direction the market is headed and provided valuable information for those interested in this sector.

According to Freedman, the luxury real estate market is expected to experience significant growth and evolution in the coming years. She highlighted how technology advancements and changing consumer preferences are transforming the industry, leading to increased demand and unique opportunities.

Freedman emphasized the growing importance of technology in the luxury real estate market. With the rise of virtual reality and advanced digital tools, potential buyers are now able to explore properties remotely and make informed decisions. This shift is expected to revolutionize the buying process and contribute to a more streamlined and accessible market for luxury properties.

Moreover, Freedman discussed how changing lifestyle preferences are shaping the demand for luxury real estate. As the younger generation becomes a larger portion of buyers, their preferences for sustainable, wellness-oriented, and technologically advanced homes will heavily influence the market. Developers and sellers will need to adapt to these new demands by incorporating eco-friendly features, advanced amenities, and cutting-edge technologies into their properties.

Freedman also pointed out the globalization of the luxury real estate market as a significant trend. International buyers, particularly from emerging economies, are increasingly investing in high-end properties in global destinations. This global demand is expected to continue growing, further broadening the scope of opportunities for luxury real estate developers and investors.

In conclusion, the luxury real estate market is projected to thrive in 2024, with advancements in technology, evolving lifestyle preferences, and a globalized buyer pool driving growth. As the industry continues to adapt to these changes, it will create new and exciting opportunities for developers, investors, and homebuyers seeking exclusive luxury properties.