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Be Wealthy & Smart

Best and Worst Luxury Real Estate Markets in 2023

Be Wealthy & Smart

Linda P. Jones

News, Business News, Investing, Business

4.8883 Ratings

🗓️ 30 November 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Discover the best and worst luxury real estate markets in 2023. 

The article is here:  https://www.cnbc.com/2022/11/29/dubai-miami-top-list-of-best-luxury-real-estate-markets-for-2023.html?&qsearchterm=luxury%20real%20estate

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Transcript

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0:00.0

Be wealthy and smart, episode 1,122.

0:03.4

I'm gonna live no rich life.

0:07.4

Rich life.

0:08.4

If y'all know what I mean, put your hands up and declare with me

0:14.3

Yeah, I'm full of faith

0:16.7

time I'm gonna live the good life

0:21.1

and the good life

0:22.0

and beautiful and glorious life Step into a world of wealth and wealth of wealth and financial freedom without budgets, boredom or bosses on be wealthy and smart and now here's your host

0:36.5

Linda P Jones

0:38.7

Welcome to be wealthy and smart. I'm Linda Jones America'sor, Empowering Women and Men Worldwide to Financial Freedom.

0:46.0

On today's show, we're going to talk about best and worst luxury real estate markets for next year,

0:52.4

2023. I can't always talk about global topics, but today

0:56.8

I can and I can talk about real estate all over the world so no matter where you are, we can truly be global with our topic today.

1:05.7

So first the big picture is that the strongest luxury markets are expected to cool a little

1:10.7

bit next year as interest rates rise in economies slow down, real estate consultant

1:15.6

T Knight Frank believes prices will rise by an average of about 2% in 2023, revised down from the 2.7% that they projected six months ago.

1:27.6

They're still seeing that the global wealthy, which appear to be immune from inflation

1:32.2

and economic slowdownsdowns are holding off on big

1:35.2

real estate purchases or becoming more discerning on price given rising interest rates.

1:41.4

Now a lot of people are talking about markets coming back into

1:44.4

balance that is not being just a seller's market or a buyer's market but being

1:49.2

more balanced between the two but Knight Frank believes the transition from a seller's market to a

...

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