RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Luxury Real Estate Dominated by Women and the Well-Educated

Home Agents
By RISMedia Staff
June 9, 2023
Reading Time: 2 mins read
Luxury Real Estate Dominated by Women and the Well-Educated

The state of luxury real estate has shifted in recent years to be more focused in the female and the well-educated demographics, according to a new report from Luxury Portfolio, a network of independently-run luxury real estate brokerages.

Luxury Portfolio’s report is part of findings from their ongoing State of Luxury Real Estate research, which is taking a deeper look at the evolving global demographics of luxury homeowners and what it means for the industry. The data was gathered from surveys in 24 countries, including the United States and the United Kingdom, as well as key parts of Western and Southern Europe, Middle East and Asia Pacific.

Key highlights:

  • Women account for 54% of luxury homeowners under 35, indicating a significant female presence in luxury real estate.
  • More women are climbing the corporate ladder and achieving financial success on their own, with an equal percentage of men and women in corporate leadership (48%) reporting that they hold executive leadership positions. This is reflected in the changing demographics of luxury homeowners.
  • Among luxury owners under 35 years old, 51% have a master’s degree or higher, while this figure stands at 62% for those aged 35-64.
  • Overall, the younger generation remains a highly educated and ambitious group.
  • Another notable difference between the age groups lies in job titles and varying levels of responsibility.
  • Younger luxury homeowners tend to hold junior (23%) and executive (46%) positions, while middle-aged owners lean more towards senior (24%) and executive roles (51%).

Major takeaway:
“Affluent young women are on trajectory to level the playing field, wielding purchasing power, wealth accumulation, education and corporate positions to make serious real estate decisions earlier in their life,” said Mickey Alam Khan, president of Luxury Portfolio. “This has major ramifications for brands and retailers targeting homeowners and the luxury property sector.”

“This data suggests that younger individuals are making significant strides early in their careers, acquiring luxury homes at a faster pace than previous generations,” Khan added. “Indeed, it follows a broader trend among the affluent that the ‘first luxury experience’ is happening earlier in life now for today’s young people compared to generations past.”

For the full report, click here.

Tags: Homeowner DemographicsHousing MarketLuxury PortfolioLuxury Real EstateMLSNewsFeedReal Estate DataReal Estate SurveyWomen Homeownership
ShareTweetShare

RISMedia Staff

Related Posts

Weichert Expands Presence in Illinois
Brokers

Weichert Expands Presence in Illinois

September 27, 2023
MLS Empowers Brokers: Mapping Out Your Business Plan for a Thriving 2024
Industry News

MLS Empowers Brokers: Mapping Out Your Business Plan for a Thriving 2024

September 27, 2023
Adopting an Intentional Business Mentality
Brokers

Adopting an Intentional Business Mentality

September 27, 2023
Level Up: The Real Story from REALTORS® | Safety
Agents

Level Up: The Real Story from REALTORS® | Safety

September 27, 2023
Mortgage Applications Decrease Following More Rate Hikes
Economy

Mortgage Applications Decrease Following More Rate Hikes

September 27, 2023
Diverse REALTOR® Advocate Groups Join ‘Stop Hate in Real Estate’ Initiative
Agents

Diverse REALTOR® Advocate Groups Join ‘Stop Hate in Real Estate’ Initiative

September 27, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

Stand Out and Get More Closings with Your Video Marketing

More and more agents are using video marketing, making it harder to stand out on social media. However, following these tips can get you more clients. Learn more.

Business Tip of the Day provided by

Recent Posts

  • Weichert Expands Presence in Illinois
  • MLS Empowers Brokers: Mapping Out Your Business Plan for a Thriving 2024
  • Adopting an Intentional Business Mentality

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

Join Premier for as low as $30!

Join Premier
logo-rismedia-white
x
X