In this issue of The Red Paper, we explore how U.S. currency fluctuations are impacting global real estate markets and how the Great Wealth Transfer is fueling new demand for luxury real estate—as younger generations inherit capital and transform how and where luxury consumers live and invest based on their values.

We showcase the lifestyle considerations making some destinations irresistible to second- and tertiary-home buyers, and take a deep dive into the economic forces and evolving preferences that are transforming a more opulent and amenity-rich rental market. Discover which condo markets are on the rise, which are cooling, and how developers are tailoring their offerings to the distinctive preferences of local resident buyers.

Learn which home features resonate most with high-net-worth buyers today, and how climate considerations are influencing their next purchase or build. Our lifestyle coverage spotlights seven top design trends and the emergence of holistic home wellness retreats alongside the most sought-after amenities. Finally, we reveal the sweet spot for megamansion sizes across markets and share our leadership’s market expectations for the year ahead.

Throughout this issue, we explore the lifestyle preferences and purpose-driven sensibilities guiding the highest end of the real estate market today. We invite you to dive into this year’s insights, perspectives, and data to better understand the moment we’re in—and where we’re headed next.