The Emerging Luxury Consumer report surveyed this select group of people in the United States (U.S.), United Kingdom (U.K.), India, United Arab Emirates (U.A.E.) and China and found that the majority in all five countries expressed confidence in their country’s current economy, their personal economic status, and in the housing market.
2. Confidence in personal economic conditions
Emerging luxury consumers have high confidence in their personal economic situations. Most feel that the current environment allows them to get the jobs they want rather than settling for one to make ends meet.
3. Ready to buy a home
Emerging luxury consumers are equally confident in the housing market and are ready to buy a home.
4. Key Motivators:
These are driving home purchasing decisions of emerging luxury consumers
The spending patterns of the emerging luxury consumer illustrates their confidence in the current and future economy. They are traveling regularly and eating at restaurants often and plan to increase the amount they travel and dine out in the next year.
6. DID YOU KNOW?
These are the top brands for emerging luxury consumers
7. Luxury Lifestyle preferences
Emerging luxury consumers have their sights set on these property lifestyles for their luxury home purchase: