Manya Rathore
Research expert covering India
Luxury residential real estate in North America - statistics & facts
North America is home to most of the wealthiest individuals in the world, which means that there is also a high demand for luxury homes in the United States and Canada. The region alone has almost 74,000 ultra high net worth individuals, more than any other region in the world. A survey of private bankers and wealth advisors from across the world found that approximately 27 percent of ultra high net worth individuals bought a new home in 2020 and 29 percent were planning to purchase one in 2021. As the housing market gets hotter than ever and demand remains robust, luxury properties took less than a month to sell as of March 2021.
