From CNBC:

Ultra-wealthy individuals worth $30 million or more are looking to buy residential properties for lifestyle and investment purposes, with one-quarter planning to invest this year. The average ultra-high-net-worth individual owns four homes, with a quarter of their portfolio located outside their home country. Interest rates may potentially fall, leading to increased luxury real estate inventory and more sales.
In the U.S., luxury real estate sales over $50 million decreased from 2022 but were higher than pre-pandemic levels. The report forecasts Miami as the top market for price growth in the U.S at 4%, followed by New York and Los Angeles. Globally, Auckland is expected to lead with a 10% increase, followed by Mumbai and Dubai.
The top 100 luxury real estate markets saw an average price increase of 3%, with Manila leading at 26% growth. Dubai and the Bahamas followed at 16% and 15%, respectively. The U.K.’s Oxford experienced the biggest decline at 8%. Ultrawealthy American buyers are increasingly purchasing overseas luxury properties, particularly in Europe. In Monaco, $1 million buys 172 square feet of real estate, while in New York, it buys 367 square feet.



Read more at CNBC: The hottest housing markets for the super rich in 2024