The Year Ahead in Luxury Real Estate—From Prices to Design Trends
Our five-part series explores what to expect in design, amenities, new developments, smart-home technology and major luxury markets
Peace of mind seems to be the running theme in luxury home trends in 2024, whether it’s predictive AI learning to anticipate your needs or building amenities that help entertain your kids or your dinner guests.
Added comfort and convenience to day-to-day life comes at a good time. Economic and geopolitical uncertainties are poised to compound in 2024, with multiple national elections in the cards, including the U.S. presidential election, and the uncertain hope that central banks will bring interest rates back down. Those concerns will affect the direction of luxury home sales from London to New York.
With all that external noise in the world, anyone who grabbed the maximalist, more-is-more design trend by the horns—in some cases, literally—might prefer to dial back the chaos. Interiors are going to get a little more curated and nature-oriented as people crave serenity.
Take a look at these trends and more in our five-part lookahead for 2024.
Five Luxury Developments Setting the Bar in 2024
Renderings: Courtesy of VMI Studio for El Ad East 74 LLC
The latest condo developments, many designed by famed architects and interior designers and appointed with high-end finishes and custom furnishings, are placing a priority on creating extraordinary and even exotic all-encompassing experiences that rival those of the world’s top resorts and vacation spots.
Boutique projects offer the exclusivity and privacy of gated communities while still being in the center of their respective cities. Tall towers and large complexes become vibrant, attraction-laden self-sufficient pseudo neighborhoods in and of themselves...Read More
Renderings: Courtesy of VMI Studio for El Ad East 74 LLC
Renderings: Courtesy of VMI Studio for El Ad East 74 LLC
Photo: lululemon
Photo: lululemon
Gaming, AI and Wellness to Drive Smart-Home Innovation Over the Coming Year
Photo: lululemon
If it feels like your smart devices know you better than you know yourself, get used to it.
In 2024, technologies like predictive artificial intelligence and biometric data management will continue transforming the role smart machines play in our lives—anticipating needs, customizing experiences and foreseeing troubles. Think of a diagnostic toilet seat or self-maintaining appliances that can schedule their own repairs...Read More
Maximalist Interiors Are Due for a Purge in 2024
Creative Tonic. Photo: Julie Soefer
The past year’s design scene was marked by showstopping kitchens, eco-friendly materials, and over-the-top maximalism. But 2023 will soon be a distant memory, and the new year and a fresh approach to the spaces we live in will be upon us.
Layering will surely assume a different persona, reflecting a cleaner, more tailored look than we’ve seen. As people crave comfort, timeless style is expected to soar in the coming year. Colors will lean more saturated, but Pantone’s 2024 Color of the Year: Peach Fuzz (Pantone 13-1023) will surely show up in accents and patterns, softening those bolder tones. Texture will also evolve...Read More
Creative Tonic. Photo: Julie Soefer
Creative Tonic. Photo: Julie Soefer
Olympia DUMBO. Credit: Pavel Bendov
Olympia DUMBO. Credit: Pavel Bendov
Lavish Dining Areas, Souped-up Children’s Play Rooms and Secluded Workout Spaces Top Amenity Wish Lists for 2024
Olympia DUMBO. Credit: Pavel Bendov
In luxury condominium developments, health amenities continue to rival the highest-end gyms and spas. Affluent buyers have spoken: They want private spaces within sprawling wellness floors to reach their personal bests, then actively recover in a sumptuous setting.
New York City and its latest crop of luxury new builds offer a weathervane for amenity trends in the year ahead, as developers compete for some of the world’s wealthiest buyers—and they’ve answered the call for wellness facilities in many creative ways. “Specificity” is the name of the game going into 2024, with private e-workout pods and spa-like amenities that provide residents with a private escape. Pools, including of the saltwater variety, are becoming a given in the luxury condo amenity lineup...Read More
Here’s What’s in Store for the World’s Luxury Real Estate Hubs
Photo: Getty Images
Myriad uncertainties, from mortgage rates to national elections and the stock market, will have more impact than in typical years in major metropolitan housing markets from San Francisco to Sydney in 2024.
In London, “the biggest risks to the prime market are likely to be political rather than economic,” said Tom Bill, head of U.K. residential research at Knight Frank. “If the election occurs in the latter half of 2024, then we may see an uptick in prime sales. Prime buyers are less reliant on mortgages, but they are influenced by uncertainty...Read More
Photo: Getty Images
Photo: Getty Images
Built with Shorthand