How real estate’s new power players are redefining the luxury market

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Today, nearly three times as many individuals with a net worth of $5 million+ own real estate in the $1-5 million range compared to the numbers in 2019 — an 180% increase of luxury property ownership in a mere three-year period.

This staggering growth led us to a question: Who are these new real estate power players and how are they driving the market in 2021?

Thanks to data compiled by WealthEngine, Wealth-X and The Institute for Luxury Home Marketing, our team at Coldwell Banker Global Luxury has just released “A Look at Wealth 2021: Real Estate’s New Power Players,” providing insight into luxury real estate’s unprecedented rise, fueled by the new movers and shakers who are reshaping the industry.

Wealth grows, the luxury market thrives

“A Look at Wealth” tells the story of the symbiotic relationship between wealth and real estate: the volume of wealth is growing and luxury real estate is booming.

U.S. individuals with a net worth over $5…

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