The 2027 Luxury Outlook

Top Agents on Market Drivers, Bright Spots + What’s Next

What does the future of ultraluxury real estate look like?

To cut through the noise and spot the next big shifts heading into 2027, we went straight to the sources. We asked some of our top-producing agents to share the industry bright spots, emerging market drivers, and what high-net-worth buyers are really thinking right now.

Bright Spots

“Luxury homes built five-plus years ago, being resold is a bright spot right now. Building a luxury community with programming and amenities, [such as] golf, takes time, money, and expertise, and supply-and-demand is only getting tighter as construction costs [rise].”

Bernardo Muciño Koenig

The Agency Los Cabos, La Paz and Todos Santos

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“Master-planned communities are a bright spot, offering multiple builders, green space, an array of lot sizes, price points, and amazing amenities.”

Lizz Sansone

The Agency Houston-Sugarland

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“The demand for [locations] that offer long-term value. Buyers remain highly engaged in established neighborhoods that combine lifestyle, walkability, strong schools, and access to amenities. We're seeing renewed confidence from [waiting] buyers, as financing conditions has become more predictable and interest rates have decreased.”

John m. Faratro

The Agency Montreal

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“Portugal continues to attract buyers who are making life decisions, not just real estate transactions.”

ayres Neto

The Agency Portugal

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“We are seeing incredible demand for exceptional properties from buyers who truly appreciate the long-term value of owning a home in Maui. It's also been fantastic to see buyers who were waiting become more engaged as the market finds its balance.”

Yvienne m. Peterson

The Agency Maui

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“The high-end sector is currently one of the strongest and most active segments of our market. We are seeing growth driven in [largely] by demand from out-of-town buyers who are drawn to Victoria for its lifestyle, climate, and limited supply of exceptional properties.”

Jason Binab

The Agency Victoria

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2027 forecast

“For 2027, I'm watching transaction volume more than price appreciation. There is [a lot] of deferred decision-making sitting in the market. We don't need another price cycle for 2027 to be a substantially better real estate market, [but] confidence and predictability.”

Steve Bailey

The Agency waterloo, oakville, muskoka, brantford, toronto west, york region, halifax, sarasota

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“2027 feels like the beginning of the market’s next chapter. With Mallorca continuing to invest in its infrastructure and ongoing geopolitical uncertainty across key European markets, I expect demand for prime property on the island to strengthen as buyers prioritize security, lifestyle, and long-term value.”

Alby Euesden

The Agency Mallorca

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“In 2027, we expect modest price appreciation to continue, along with an increase in inventory and improved affordability. This should allow more locals and first-time buyers to [buy]. Even a small change in rates could bring buyers back into the lower- to mid-price range (US$400K-700K). The luxury market should grow as inbound migration continues, especially from high-paying tech and medical jobs. New construction makes up roughly a third of the Valley's luxury home sales and we expect that number to hold steady or increase slightly.”

Robyn moir

The Agency Boise

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“In 2027, we will return to a balanced market, there is pent-up demand, hopefully this coincides with sellers aligning their prices with the current environment.”

kit matkaluk

The Agency Vancouver

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“2027 will be less about buyers and sellers chasing the market and more about identifying where true value exists within it. If interest rates stay where they have been for the past several years, we will continue to see a focus on buyers willing to pay top dollar for homes built with a high level of quality and timeless design.”

Michelle Schwartz

The Agency calabasas, Sherman Oaks, Studio city

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Market trends

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How buyers are working with foreign bans and tax hurdles

From national foreign buyer bans to a growing patchwork of state-level restrictions and shifting tax frameworks, international real estate has entered a far more regulated era. Yet, global demand hasn’t vanished—it has adapted. Top agents and advisors share how high-net-worth clients are strategically structuring transactions, leveraging key exemptions, and finding clear paths forward despite the changing legal landscape.

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