Eric Finnas DahlstromCEO of JamesEditionThe luxury real estate market is experiencing robust growth in a dynamic environment. In this Summer/Autumn issue of the JamesEdition magazine, we aim to showcase a few locations in Europe and the Middle East that consistently top the list regarding HNWI buyer demand. These locations offer not only luxury properties but also unique lifestyles, which are the driving force behind this demand.
Introduction to The Edition Summer / Autumn 2024
Thanks to a progressive government agenda that aims to put Dubai and UAE at the forefront of technology, finance, and other areas, paired with favorable taxes, warm climate, top restaurants, and beaches, it has become the new global leader in terms of $10m+ properties and the top location worldwide for HNWIs to relocate to.
Portugal is sometimes referred to as the California of Europe for several reasons. Facing the ocean with impressive, long sand dunes that stretch as far as the eye can see, it has attracted tech talent for many years, who have settled in Lisbon and the neighboring areas, such as Cascais and Estoril.
After some recent changes in their tax regimes dampened the demand from overseas buyers, we are once again seeing a rebound in 2024 as the area continues to be one of the European favorites of global HNWIs.
Hotspots This Season
Mallorca has been a top summer hotspot for decades. However, like many other places after Covid and the advances in remote work opportunities, it is becoming a year-round location for HNWIs and their families. The island offers plenty of activities, sports, and restaurants that lure buyers not only from the traditional Northern European countries but also from a broader international clientele.
Tuscany and the northern Italian lakes, such as Como and Garda, are perhaps some of the strongest European destination brands among global HNWIs for their stunning landscapes, delicious food and wine, and rich cultural heritage. Here, buyers can find options from seaside villas to rural castles to lakeside mansions, encapsulating Italy’s wide variety and timeless attractions.
I hope you will enjoy the read and be inspired for your future dream home.