Among high-net-worth individuals (HNWIs), investing was the primary factor driving luxury real estate sales. HNWIs are defined by the source as individuals with assets of ** million U.S. dollars or more. ** percent of the respondents in the survey cited investments as the primary driver for buying a luxury property, whereas lifestyle took the second place with ** percent. Other significant factors that drive real estate sales were safe havens, job relocation, and education.
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Knight Frank. (July 3, 2023). Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023 [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 25, 2026, from /statistics/1414793/factors-for-real-estate-demand-2023/
Knight Frank. "Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023." Chart. July 3, 2023. ÌÇÐÄÆÆ½â°æ. Accessed July 25, 2026. /statistics/1414793/factors-for-real-estate-demand-2023/
Knight Frank. (2023). Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 25, 2026. /statistics/1414793/factors-for-real-estate-demand-2023/
Knight Frank. "Leading Drivers for Luxury Residential Real Estate Demand of High-net-worth Individuals (Hnwis) Worldwide in 2023." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 3 Jul 2023, /statistics/1414793/factors-for-real-estate-demand-2023/
Knight Frank, Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023 ÌÇÐÄÆÆ½â°æ, /statistics/1414793/factors-for-real-estate-demand-2023/ (last visited July 25, 2026)
Leading drivers for luxury residential real estate demand of high-net-worth individuals (HNWIs) worldwide in 2023 [Graph], Knight Frank, July 3, 2023. [Online]. Available: /statistics/1414793/factors-for-real-estate-demand-2023/