We are pleased to introduce the Sotheby’s International Realty 2023 Luxury Outlook report, which outlines the industry trends and happenings across high-end residential markets here in The Bahamas and around the world. In 2022, we saw The Bahamas, an established second-home and vacation market, experience steady price growth throughout the pandemic which is expected to continue on a stable trajectory in 2023.

In this report, we highlight the trends that you can expect in the year ahead, from the projected flow of global wealth into the real estate market to a strong appeal for luxury properties despite interest-rate hikes.

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Through the 2023 Luxury Outlook report, our goal is to help you navigate this fast-moving and ever-changing real estate market. We hope that this research and report of industry perspectives, exclusively presented by Damianos Sotheby’s International Realty, helps you invest your equity wisely in the year ahead.

Here Is A Snapshot of Takeaways From The Report: 

• Stability Is the Watchword in These Tax-Friendly Markets
• Strong Appeal for Luxury Properties, Despite Interest Rate Hikes
• With Inventory Increases, Markets Begin to Turn—Slightly—in Buyers’ Favor 
• An Explosion of Global Wealth, Funneled into the Real Estate Market
• For Passing Wealth Between Generations, Property Is Still King
• High-End Vacation Rental Spots Face Changing Market Post-Covid 
• Buyers Around the Globe Expand Their Searches
• Naturehoods: The Great Outdoors is a Top Amenity
• Supply-Chain Issues Ease in Some Areas, Yet Prices Remain High
• Real Estate Industry Explores the New World of the Metaverse