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Since the Global Financial Crisis, the luxury market has experienced significant growth, driven by an increase in the number of high-net-worth individuals (HNWIs), rising global wealth, pent-up demand leading to "revenge spending," and tourism. Forthcoming generational wealth transfers will also reshape consumer demographics, highlighting the need for industry adaptation.
CBRE’s new report examines how the luxury market's evolution is impacting real estate in retail, hotels, and living, with a focus on the key European markets of London, Paris, Milan, and Amsterdam.
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