“After a record-breaking year in luxury real estate, we anticipate that some balance will be restored to the market,” says Luxury Portfolio International after surveying nearly 5,000 affluent consumers. “The pandemic madness that drove us to an over-heated market is being normalised. Demand will remain strong, and a healthy, new normal in luxury real estate will start to take hold in 2022.”
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New Zealand, Canada, Sweden, the UK and US are amongst the world's "frothiest" housing markets, according to new analysis, with high price-to-rent and price-to-income ratios.