{"id":11643,"date":"2017-05-02T14:01:00","date_gmt":"2017-05-02T18:01:00","guid":{"rendered":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/report-reveals-insights-from-the-emerging-luxury-consumer\/"},"modified":"2017-05-02T14:01:00","modified_gmt":"2017-05-02T18:01:00","slug":"report-reveals-insights-from-the-emerging-luxury-consumer","status":"publish","type":"post","link":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/report-reveals-insights-from-the-emerging-luxury-consumer\/","title":{"rendered":"Report Reveals Insights from the Emerging Luxury Consumer"},"content":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">MADISON, N.J.<\/span>, <span class=\"xn-chron\">May 2, 2017<\/span> \/PRNewswire\/ &#8212;&nbsp;<a href=\"http:\/\/www.sothebysrealty.com\/eng\" rel=\"nofollow noopener\" target=\"_blank\">Sotheby&#8217;s International Realty Affiliates LLC<\/a> today announced that it has released &quot;Global Affluence: The Emerging Luxury Consumer,&quot; a report examining the confidence, spending habits and purchasing interests of emerging luxury consumers from around the world, defined as those with <span class=\"xn-money\">$250,000 USD to $1 million USD<\/span> in investable assets.&nbsp; &nbsp;<\/p>\n<p>The report, which is based on a survey that focused on luxury consumers in <span class=\"xn-location\">the United States<\/span>, <span class=\"xn-location\">United Kingdom<\/span>, <span class=\"xn-location\">India<\/span>, <span class=\"xn-location\">United Arab Emirates<\/span> and <span class=\"xn-location\">China<\/span>, found that this emerging luxury consumer demographic is confident when it comes to their personal economy and the economy of their respective countries.<\/p>\n<p>The complete Sotheby&#8217;s International Realty&reg; &quot;Global Affluence: The Emerging Luxury Consumer&quot; report features a breakdown of data by country surveyed as well as supplemental search data from sothebysrealty.com.&nbsp; <a href=\"http:\/\/s.sir.com\/2p1IFdF\" rel=\"nofollow noopener\" target=\"_blank\">Click here to download the full report<\/a>.<\/p>\n<p>Key findings from the <i>Sotheby&#8217;s International Realty<\/i> &quot;Global Affluence: The Emerging Luxury Consumer&quot; report include:<\/p>\n<ul type=\"disc\">\n<li>85% of emerging luxury consumers are confident in the housing market in their respective countries and are ready to purchase a home within the next three years. <a href=\"http:\/\/s.sir.com\/2osU3kd\" rel=\"nofollow noopener\" target=\"_blank\">Click here to Tweet<\/a>.\n<\/li>\n<li>93% of emerging luxury consumers are looking to purchase homes with luxury components. <a href=\"http:\/\/s.sir.com\/2pAWLnj\" rel=\"nofollow noopener\" target=\"_blank\">Click here to Tweet<\/a>.\n<\/li>\n<li>Emerging luxury consumers are interested in waterfront, metropolitan and historic homes. <a href=\"http:\/\/s.sir.com\/2pyl8Qg\" rel=\"nofollow noopener\" target=\"_blank\">Click here to Tweet<\/a>.<\/li>\n<\/ul>\n<p>Quotes:<\/p>\n<p>&quot;The luxury residential real estate market is ever evolving,&quot; said <span class=\"xn-person\">Philip White<\/span>, president and chief executive officer of Sotheby&#8217;s International Realty Affiliates LLC. &nbsp;&quot;As a global leader in this arena, the <i>Sotheby&#8217;s International Realty<\/i> brand commissioned this research survey to unveil emerging trends with luxury residential real estate consumers around the world.&nbsp; We are always looking to the future and our focus is to keep a pulse on the state of the real estate market and the homebuyers of tomorrow.&quot;<\/p>\n<p>&quot;The luxury market has been redefined in recent years due in large part to the impact of the new emerging luxury consumer,&quot; said <span class=\"xn-person\">Kevin Thompson<\/span>, chief marketing officer of Sotheby&#8217;s International Realty Affiliates LLC.&nbsp; &quot;These individuals have a luxury sensibility and an affinity for exclusive brands, proving that luxury transcends income levels &ndash; it is about quality, uniqueness, and ultimately achieving a certain lifestyle.&nbsp; The <i>Sotheby&#8217;s International Realty<\/i> brand has its eye on the future and is perfectly positioned to unite these extraordinary lives with extraordinary lifestyles.&quot;<\/p>\n<p>The <i>Sotheby&#8217;s International Realty<\/i> network currently has more than 20,000 affiliated independent sales associates located in approximately 850 offices in 66 countries and territories worldwide.&nbsp; In 2016, the brand achieved a record global sales volume of <span class=\"xn-money\">$95 billion USD<\/span>.&nbsp; <i>Sotheby&#8217;s International Realty<\/i> listings are marketed on the <a href=\"http:\/\/www.sothebysrealty.com\/en\/home.aspx\" rel=\"nofollow noopener\" target=\"_blank\">sothebysrealty.com<\/a> global website.&nbsp; In addition to the referral opportunities and widened exposure generated from this source, the firm&#8217;s brokers and clients will benefit from an association with the Sotheby&#8217;s auction house and worldwide <i>Sotheby&#8217;s International Realty<\/i> marketing programs.&nbsp; Each office is independently owned and operated.<\/p>\n<p><b>Methodological Notes: <\/b><\/p>\n<p>The Sotheby&#8217;s International Realty Affiliates LLC Survey was conducted by Wakefield Research (<a href=\"http:\/\/www.wakefieldresearch.com\" rel=\"nofollow\">www.wakefieldresearch.com<\/a>) among 200 US emerging luxury consumers, and 100 emerging luxury consumers in the UK, <span class=\"xn-location\">China<\/span>, UAE and <span class=\"xn-location\">India<\/span>, <span class=\"xn-chron\">between November 17th and December 15th, 2016<\/span>, using an email invitation and an online survey.<\/p>\n<p>The margin of error for this study is +\/- 6.9 percentage points in the US, and +\/- 9.8 percentage points in the UK, <span class=\"xn-location\">China<\/span>, UAE and <span class=\"xn-location\">India<\/span> at the 95% confidence level. Base sizes under 100 are directional findings only.<\/p>\n<p>Data from sothebysrealty.com: Google Website Analytics, sothebysrealty.com, April &ndash; <span class=\"xn-chron\">December 2015<\/span> vs. April &ndash; <span class=\"xn-chron\">December 2016<\/span>.<\/p>\n<p><b>About Sotheby&#8217;s International Realty Affiliates LLC<\/b><\/p>\n<p>Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the <i>Sotheby&#8217;s International Realty<\/i> network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby&#8217;s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.<b>&nbsp; <\/b>In <span class=\"xn-chron\">February 2004<\/span>, Realogy entered into a long-term strategic alliance with Sotheby&#8217;s, the operator of the auction house.&nbsp; The agreement provided for the licensing of the <i>Sotheby&#8217;s International Realty <\/i>name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby&#8217;s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby&#8217;s auction house, established in 1744. For more information, visit <a href=\"http:\/\/www.sothebysrealty.com\/\" rel=\"nofollow noopener\" target=\"_blank\">www.sothebysrealty.com<\/a>.<\/p>\n<p><b><i>CONTACTS&nbsp; <br \/><\/i><\/b>Lindsey Scharf&nbsp; <br \/>Director, Public Relations and Communications&nbsp; <br \/>Sotheby&#8217;s International Realty Affiliates LLC&nbsp; <br \/>175 Park Avenue&nbsp; <br \/><span class=\"xn-location\">Madison, NJ<\/span> 07940&nbsp; <br \/>(973) 407-5596&nbsp; <br \/><a href=\"mailto:Lindsey.Scharf@sothebysrealty.com\" rel=\"nofollow noopener\" target=\"_blank\">Lindsey.Scharf@sothebysrealty.com<\/a> <\/p>\n<p>Natalie Hernandez&nbsp; <br \/>Specialist, Public Relations and Communications&nbsp; <br \/>175 Park Avenue&nbsp; <br \/><span class=\"xn-location\">Madison, NJ<\/span> 07940&nbsp; <br \/>(973) 407-6142&nbsp; <br \/><a href=\"mailto:Natalie.Hernandez@sothebysrealty.com\" rel=\"nofollow noopener\" target=\"_blank\">Natalie.Hernandez@sothebysrealty.com<\/a>&nbsp;&nbsp;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p>SOURCE  Sotheby&#8217;s International Realty Affiliates LLC<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY78557&amp;Transmission_Id=201705021401PR_NEWS_USPR_____NY78557&amp;DateId=20170502\" style=\"border:0px; width:1px; height:1px;\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MADISON, N.J., May 2, 2017 \/PRNewswire\/ &#8212;&nbsp;Sotheby&#8217;s International Realty Affiliates LLC today announced that it has released &quot;Global Affluence: The Emerging Luxury Consumer,&quot; a report examining the confidence, spending habits and purchasing interests of emerging luxury consumers from around the world, defined as those with $250,000 USD to $1 million USD in investable assets.&nbsp; &nbsp; [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-11643","post","type-post","status-publish","format-standard","hentry","category-sothebys-international-realty"],"_links":{"self":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/comments?post=11643"}],"version-history":[{"count":0,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11643\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/media?parent=11643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/categories?post=11643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/tags?post=11643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}