Luxury Portfolio’s Latest White Paper: Young Affluents in a Digital World

Luxury Portfolio White PaperAt our recent Summit in Las Vegas, Luxury Portfolio International® unveiled the latest White Paper, entitled Young Affluents in a Digital World: Understanding the Impact to Real Estate. Published in conjunction with our research partners at Harrison Group, a YouGov company, the fascinating study is available exclusively to Luxury Portfolio members and examines the growing presence of young homeowners in the luxury sphere, with analysis supported by the Survey of Affluence and Wealth in America, produced by Harrison Group and American Express Publishing.
 
By equipping our members with the most up-to-date research on the ever-empowered Young Affluent demographic, they are better positioned to leverage technology and provide value throughout the process of buying and selling a home. Today, there are more Young Affluents than ever before, 90% of whom say homeownership is very important to them, making it absolutely necessary to understand what they expect from their realtor in order to foster a successful relationship.
 
With access to thought-provoking statistics and detailed evaluations, you’ll find key takeaways like:
 
The Evolving Role of the Salesperson – Find out what young affluents expect in the digital age
Time is a Commodity – Utilize technology to maximize efficiency and respect their time
Digital Research is the ‘New Ordinary’ – How the recession changed the affluent consumer
 
To see the Executive Summary click here.
 
Luxury Portfolio members can view the White Paper in its entirety by logging in to LuxeXchange.
 

RISMedia Features Luxury Portfolio 2014 Forecast

Luxury Portfolio Market Forecast in RISMedia
When it was time for RISMedia to release a luxury market forecast for 2014, the industry leading publication turned to the experts at Luxury Portfolio for insight, as seen in their latest issue. Relying on the extensive experience of our member-brokers in the luxury sector, RISMedia noted that top markets across the US and Canada witnessed a 10 to 30 percent sales increase in 2013 and expect continued growth in the year to come. 
 
In particular, the heavy influx of international buyers in the $1 to $2 million tier has shown no sign of slowing down. Non-US residents accounted for 60% of all luxury real estate bought in San Francisco, Los Angeles, Vancouver and Miami and continue to view these markets as a safe investment coming from countries of less economic stability. “The mood of our Luxury Portfolio brokers is upbeat as we move into 2014. They believe that well-priced luxury homes will continue to be in high demand, resulting in increases of 10 to 20 percent in volume in most of their markets, with unit sales rising 5 to 10 percent,” noted Paul Boomsma, President of Luxury Portfolio International.
 
Click here and go to pg. 40 to view the informative article in its entirety!
 

Check Out the Latest Luxury Portfolio Magazine!

Our latest edition of the Luxury Portfolio Magazine is now online! Debuting a new look, the lifestyle publication features the latest in luxury real estate, bespoke travel, gourmet dining and much more. In this issue we explore the rising trend of concierge services, share an eclectic mix of accessible islands with insight from local experts and examine the role of the new billionaire in today’s top markets.
 
Among the residences featured are Larry Ellison’s Lake Tahoe compound, a stunning Parisian mansion and a contemporary adventure home in Queenstown, New Zealand. A unique historic New England colonial, an extraordinary lifestyle estate on the California coast and an impressive sampling from Luxury Portfolio’s collection of homes are also showcased.
 
Luxury Portfolio Magazine
 
Additionally, you’ll find an interview with Deutsche Grammophon artist Miloš Karadaglic, a comparison of homes priced near twenty million dollars in various markets around the world and the latest LuxeTrends in innovation, exploration and relaxation.
 
“The magazine remains an incredibly powerful way for us to tell the story of the remarkable homes represented by our network members, as well as the lifestyle these homes represent. This edition is particularly special because we are unveiling an all new look with a more contemporary feel,” Luxury Portfolio President Paul Boomsma said. “The undeniable appeal of beautiful photography and a captivating story in a printed piece has helped us broaden our reach even further to an affluent audience worldwide.”
 
Luxury Portfolio MagazineWith a targeted distribution designed to reach a highly affluent audience, the magazine has a circulation of over 100,000 and is sent to Leading Real Estate Companies of the World® and Luxury Portfolio members in over 40 countries. Keep an eye out for it at Barnes & Noble in the U.S., Chapters Indigo in Canada, select international first class airline lounges, on newsstands in 60+ countries/regions and in the finest independent real estate offices around the world!
 
Click here to view the digital version of the Luxury Portfolio Magazine!

 

LuxuryPortfolio.com: Dangerously Addictive

LuxuryPortfolio.com HGTVAt least, according to the how-to home experts at HGTV Magazine. In their January/February edition, the magazine named LuxuryPortfolio.com among the most addictive websites because, well let’s face it, who doesn’t enjoy looking at the world’s finest collection of luxury homes? While we’d love to take all the credit, it wouldn’t be possible without the unsurpassed service and expertise of our incredible members!


There’s nothing more exciting than luxury house hunting, so whether you’re stuck in a blizzard and fantasizing about escaping to Mauritius or just want to see what Bruce Willis’ Beverly Hills estate looks like, check out the world’s most comprehensive (and addictive) collection of exceptional real estate!

Thank you to HGTV Magazine and all of our member brokers!

Emerging Trends of Today’s Global Buyer

International Luxury Real Estate

The world continues to grow smaller for today’s luxury buyer and as it does we can observe certain trends among the affluent of a given country. London, for instance, has become a hotbed for Russia’s elite, while buyers from Hong Kong are swooping up property in Sydney. The search for the foreign buyer has been one of real estate’s hottest topics of late. For more on the subject, check out this piece recently published in the Wall Street Journal – a must-read for anyone interested in the matter.


Last month, Luxury Portfolio members from around the world gathered in Venice for our annual International Symposium to discuss the latest in global luxury real estate and share insights and trends. The meeting featured sessions and panels from members around the world led by members from everywhere from Dubai, Mauritius, Istanbul, Bucharest and more. The consensus was that international buyers are looking for a “safe” investment. Traditional destinations of the world’s jet set, such as New York City and Paris, are the obvious markets being referred to here, but they’re not the only ones by any means. Delving closer into the subject, one such characteristic that remains prevalent among these safe markets is the presence of established academic institutions. Simply put, overseas education has become a driving factor behind the relocation of the world’s affluent.


University cities like Montreal, Vienna and Boston are experiencing their own wave of international buyers who invest in high-end real estate while their child is attending school and often turn a profit after graduation. Whether it’s luxurious “student housing” or a place for family to crash when in town, these purchases are fast becoming common practice for wealthy foreigners. In a recent interview for the Financial Times, Beverly Sunn, president of Luxury Portfolio’s Chinese member-broker Asia Pacific Properties, reinforced this notion. “Investors at the luxury sector are highly sophisticated and look to invest in major cities to meet the educational requirements of their children,” remarks Sunn.


Of course, cities with strong academic reputations aren’t the only place experiencing an influx of foreign activity; it’s just where the smart money is investing.
 

Pop Star Kevin Jonas Lists Smart House

Kevin Jonas' Denville, NJ Home

If you’ve ever dreamt of being on the set of Married to Jonas, get excited because the eldest Jonas brother's smart house, featured as the backdrop for the E! reality series, is officially on the market. Sadly, the pop sensation is not included. Kevin and wife Danielle have listed the stunning home in Denville, NJ for $2.2 million with Luxury Portfolio member Terrie O'Connor Realtors.


Kevin Jonas' Smart House for SaleThe expecting couple is reportedly building a new home nearby while they await the arrival of their firstborn and if it’s anything like this one, monitoring the baby will be a walk in the park. Equipped with a state-of-the-art Savant Smart Home Automation System, the lights, locks, music, electronics, security cameras and more are effortlessly controlled throughout with Apple-based technology. And if you’re on the road, touring with your band for instance, you can even use your smartphone to keep an eye on the home front.
 

But it’s not just its cutting-edge technology that makes the home so appealing. You’ll find all the traditional luxuries here as well, such as a 6,500 bottle wine cellar, home theater, gym and saltwater pool. Check out the listing page for more information on Kevin and Danielle Jonas’ beautiful residence!
 

Breaking News: Michael Jordan to Auction off Chicago Compound

Michael Jordan to Auction off Chicago Home

For those who want to be “like Mike”, basketball legend Michael Jordan’s longtime compound in Highland Park, one of Chicago’s most prestigious suburbs, will be auctioned off on November 22, 2013, as reported by the Wall Street Journal. The stunning residence boasts approximately 32,600 square feet of living space (per MLS data), where the six-time NBA champion called home throughout his illustrious career. Situated on a rare 7.39 acres, the Michael Jordan's Highland Park home Headed to Auctionestate offers a complete package of luxurious amenities with the utmost privacy. MJ had no shortage of activities available to him while living here, with a regulation indoor basketball court, putting green and tennis court all located on the property’s immaculate grounds. 


More than just a spectacular home, the auction represents a rare opportunity to own the landmark residence of an international icon and one of basketball’s most decorated athletes. View the listing page of Michael Jordan’s estate on Luxury Portfolio for more information and be sure to mark November 22 in your calendars!
 

2013 Holiday Forecast Study Released Today

2013 Holiday Forecast from the Survey of Affluence and Wealht in AmericaThese days it’s never too early to start looking ahead at the holiday season and earlier today American Express Publishing and Luxury Portfolio's research partner, Harrison Group, released the 2013 Holiday Forecast Study from the Survey of Affluence and Wealth in America. The study breaks down the latest in consumer trends with significant expectations for the upcoming holidays.


Predicting an overall increase in the gift market of 7.7% across all income groups, the study suggests that spending among the Core Affluent (annual discretionary income starting at $150,000 and annual household income under $450,000) will climb the most. “They are growing in size, boosting their spending and getting more and more comfortable with luxury brands as they do so,” says Dr. Taylor, Vice Chairman of Harrison Group and the study’s director.
 

Also of note is the continued growing popularity of online shopping, with a 15% increase expected among tablet owners. According to the study, 23% of the affluent and wealthy plan to do more online shopping this year, up 5% from last year.
 

Click here to read the press release in its entirety!
 

Bob Hope’s Toluca Lake Estate Hits the Market

Bob Hope's Toluca Lake Compound

No, you’re not having déjà vu. Yet another stunning property of the iconic comedian has hit the market. Hope’s Palm Springs estate was listed earlier this year but his Lake Toluca compound, presented by Luxury Portfolio affiliate Hilton & Hyland, is the latest to be put up for sale. Designed by acclaimed architect Robert Finkelhor, the English Traditional manor was built for Bob Hope in 1939 and later remodeled in the 1950’s. The property’s walled grounds include multiple guest houses, staff quarters, a 1-hole golf course and a luxurious outdoor pool and spa setting. Inside the home is a flawless combination of modern craftsmanship and traditional style, exhibited by walls of glass juxtaposing a magnificent floor-to-ceiling stone fireplace in the formal living room.


Inside Bob Hope's Toluca Lake CompoundThe longtime host of the Academy Awards has made a splash in the real estate world recently, with two remarkable estates of the late comedian now on the market. Hope’s celebrated class and style are evident in each property, where he would frequently entertain and host charity events. Of equal grandeur, his Palm Spring’s estate was featured on the cover of the latest Luxury Portfolio Magazine.

Click below to read the article in its entirety.

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Luxury Portfolio Increases Presence in Key Markets

First Issue of Unique Homes ChinaThe first ever Unique Homes China is fresh off the press and Luxury Portfolio is proud to be a part the inaugural issue with premier placement in the front, inside cover as part of our continuing effort to develop our brand in this ever-important nation. China’s staggering number of affluent individuals, today over 1 million millionaires, has positioned it as a key force in the global luxury real estate market.


Unique Homes China will be published bi-monthly and made available in all major cities throughout the region, including Beijing, Shanghai, Hong Kong, Macau and Taiwan. We look forward to increased involvement in 2014 in yet another global publication as more and more luxury buyers, specifically from these cities, seek international properties. The magazine will be distributed to wealthy individuals, membership clubs and newsstands. Check out the online copy of the first edition of Unique Homes China!

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