LuxuryDefined, the anual Christie’s International Real Estate whitepaper, reported that, “Much like beauty, luxury can be said to be in the eye of the beholder.”
In that mold, though often elusive, sometimes overused, but always out of the ordinary, “luxury” means different things to different people. In its broadest sense, luxury connotes quality, refinement, and exclusivity. But in the rarefied world of prime real estate, its definition also encompasses changing lifestyles, shifting economic hubs, the need for greater privacy, and environmental concerns.
This report discussed the theme of “What defines a luxury home in your market?” Click here to read the report.