{"id":344399,"date":"2025-08-11T13:10:45","date_gmt":"2025-08-11T17:10:45","guid":{"rendered":"https:\/\/blog.sothebysrealty.com\/?p=344399"},"modified":"2025-10-16T16:46:10","modified_gmt":"2025-10-16T20:46:10","slug":"these-luxury-living-hotspots-are-all-experiencing-a-renaissance","status":"publish","type":"post","link":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/these-luxury-living-hotspots-are-all-experiencing-a-renaissance\/","title":{"rendered":"These Luxury Living Hotspots Are All Experiencing a Renaissance"},"content":{"rendered":"

From Saudi Arabia to San Francisco, a variety of locales around the globe are proving centers for high-end lifestyles<\/span><\/h2>\n

\"\"<\/a>Park City, Utah<\/span><\/a> | <\/span>Summit Sotheby\u2019s International Realty<\/span><\/a><\/p>\n

The shift toward \u201cexperiential luxury\u201d is an evolving consumer trait that has also become prominent in real estate, particularly at premium price points.\u00a0<\/span><\/p>\n

\u201cWhat\u2019s driving today\u2019s high-end market is the feeling a home delivers as much as its address,\u201d says Tammy Fahmi, senior vice president of global servicing and strategy at Sotheby\u2019s International Realty. \u201cWhat we\u2019re witnessing in luxury real estate isn\u2019t just a trend\u2014it\u2019s a fundamental redefinition of value. This experiential revolution transcends cultural boundaries, with buyers willing to pay substantial premiums for properties that offer exceptional features that reflect their lifestyles.\u201d<\/span><\/p>\n

Across each of the following markets, there are distinct patterns in how luxury property and goods evolve together. In some regions, real estate investment precedes retail growth, while in others, established luxury experiences attract wealthy property buyers, demonstrating how these twin markets reflect and reinforce local wealth creation.<\/span><\/p>\n

Saudi Arabia<\/b><\/p>\n

\"\"<\/a>Shura Island, Saudi Arabia <\/span><\/a>| <\/span>Saudi Arabia Sotheby\u2019s International Realty<\/span><\/a><\/p>\n

In Saudi Arabia, the phrase \u201cgiga-project\u201d is finding its way into real estate conversations as new urban and resort developments with the potential to change the concept of luxury living take shape. As recently as 10 years ago, luxury properties in Saudi Arabia had few amenities, says Erick Knaider, managing partner, Saudi Arabia Sotheby\u2019s International Realty. \u201cBut with the country opening up and the Saudi Vision 2030 initiative, coupled with an inflow of executives and foreign companies, demand for upscale developments with amenities has been on the rise.\u201d\u00a0<\/span><\/p>\n

Saudi Vision 2030 is a multi-year blueprint to diversify the economy and create a dynamic environment for both local and international investors. Now in its second phase, it has sparked a number of other giga-projects.<\/span><\/p>\n

India<\/b><\/p>\n

\"\"<\/a>North Goa, India<\/span><\/a> | <\/span>India Sotheby\u2019s International Realty<\/span><\/a><\/p>\n

With the world\u2019s fifth largest economy, growing incomes and a youthful population, India is becoming an increasingly important part of the global luxury landscape, according to a report by INSEAD Knowledge, the research arm of business school INSEAD, published in January 2025. India\u2019s luxury goods market was worth an estimated US$17 billion in 2024, with watches and jewelry comprising the largest segment. This figure is anticipated to at least triple by 2030.<\/span><\/p>\n

Real estate appears to be pursuing a similar trajectory, as demand for high-end properties has surged in the past two years. \u201cThe Indian economy is one of the fastest growing in the world and a buoyant capital market, and tech founders are cashing in on the equity added in 2024,\u201d says Akash Puri, director of international business, India Sotheby\u2019s International Realty.<\/span><\/p>\n

Puerto Rico<\/b><\/p>\n

\"\"<\/a><\/span>San Juan, Puerto Rico<\/span><\/a> | <\/span>Puerto Rico Sotheby\u2019s International Realty<\/span><\/a><\/p>\n

When Puerto Rico Sotheby\u2019s International Realty opened its doors in 2012, the highest sale on the island was just over US$2 million. In 2021, by contrast, the office set a new record for the island with a US$30 million waterfront property in Dorado Beach, a Ritz-Carlton Reserve. In 2024, the company achieved the sale of a US$13.4 million penthouse in Condado Beach, San Juan, and set a new record for the area.\u00a0<\/span><\/p>\n

Margaret Pena Juvelier, founder and president, Puerto Rico Sotheby\u2019s International Realty, says: \u201cWe are seeing strength and buoyancy in the luxury property market, and its scope has grown tremendously in terms of both locations and buyer profiles.\u201d<\/span><\/p>\n

Utah<\/b><\/p>\n

\"\"<\/a>Park City, Utah<\/span><\/a> | <\/span>Summit Sotheby\u2019s International Realty<\/span><\/a><\/p>\n

Since January 2025, there have been 15 sales over US$15 million in Utah, a record for the state, according to Kerry Oman, global real estate advisor, Summit Sotheby\u2019s International Realty. Compare that to 2024, when there were only 18 transactions of more than US$15 million for the entire year.<\/span><\/p>\n

The most expensive sale as of April 2025 was a home that was listed for US$32 million at the Colony at White Pine Canyon, one of Park City\u2019s highest-priced neighborhoods\u2014 Michael LaPay of Summit Sotheby\u2019s International Realty worked with the buyers.\u00a0<\/span><\/p>\n

\u201cUtah has a tremendous economy, and people are coming here for diverse reasons,\u201d says Oman. \u201cIt\u2019s driven not so much by the types of jobs people might have but by the lifestyle they can have here.\u201d<\/span><\/p>\n

San Francisco<\/b><\/p>\n

\"\"<\/a>San Francisco, California<\/span><\/a> | <\/span>Sotheby\u2019s International Realty – San Francisco Brokerage<\/span><\/a><\/p>\n

Not so long ago, reports from San Francisco, California, detailed the flight of retailers from the downtown area. Today, previously vacant stores are being occupied by brands that cater to the ultra-wealthy, transforming Union Square into a premier destination where shopping by appointment and prime European retailers are the norm. On the residential side, agents are seeing growing demand for ultra-high-end properties, too.\u00a0<\/span><\/p>\n

\u201cOne of the things that defines San Francisco real estate is that it\u2019s a momentum market, energized by the belief that tomorrow is going to be better than yesterday,\u201d says Neill Bassi, global real estate advisor, Sotheby\u2019s International Realty – San Francisco Brokerage. \u201cThere was a little bit of a lull for a short time, but if you ask anyone who\u2019s buying today, their confidence is ultra-high.\u201d<\/span><\/p>\n

Download<\/span><\/i><\/a> the full Sotheby\u2019s International Realty 2025 Mid-Year Luxury Outlook\u2120 report at <\/span><\/i>luxuryoutlook.com<\/span><\/i><\/a>\u00a0<\/span><\/p>\n

From high-end homes to holidays, here\u2019s where the world\u2019s wealthiest are vacationing<\/span><\/i><\/a><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

From Saudi Arabia to San Francisco, a variety of locales around the globe are proving centers for high-end lifestyles Park City, Utah | Summit Sotheby\u2019s International Realty The shift toward \u201cexperiential luxury\u201d is an evolving consumer trait that has also become prominent in real estate, particularly at premium price points.\u00a0 \u201cWhat\u2019s driving today\u2019s high-end market […]<\/p>\n","protected":false},"author":232770370,"featured_media":344400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1393,1399],"tags":[1423,1450,1481,1527,1506],"class_list":["post-344399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-art-and-culture","category-home-and-design","tag-california","tag-india","tag-puertorico","tag-saudi-arabia","tag-utah"],"jetpack_featured_media_url":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/08\/Header.jpeg","jetpack_likes_enabled":false,"jetpack_shortlink":"https:\/\/wp.me\/pf4gbL-1rAP","jetpack-related-posts":[{"id":344360,"url":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/how-to-live-the-luxury-desert-life\/","url_meta":{"origin":344399,"position":0},"title":"How To Live the Luxury Desert Life","author":"Kate Marburger","date":"August 4, 2025","format":false,"excerpt":"Arid locations are increasingly the setting for homes\u00a0where sculptural architecture and sanctuary-like interiors offer a chance to connect with nature, writes Mandi Keighran Tucson, Arizona | Russ Lyon Sotheby\u2019s International Realty \u201cWhat makes the desert beautiful is that somewhere it hides a well,\u201d says the Little Prince in Antoine de\u2026","rel":"","context":"In "Home and Design"","block_context":{"text":"Home and Design","link":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/category\/home-and-design\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/08\/Header.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/08\/Header.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/08\/Header.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/08\/Header.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/08\/Header.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/08\/Header.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":345902,"url":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/spotlight-on-park-city-where-mountain-living-is-a-year-round-pursuit\/","url_meta":{"origin":344399,"position":1},"title":"Spotlight on Park City: Where Mountain Living Is a Year-Round Pursuit\u00a0","author":"Kate Marburger","date":"January 22, 2026","format":false,"excerpt":"Home to the Sundance Film Festival, the appeal of this alpine town stretches far beyond the red carpet, writes Aimee L. Cook Park City, Utah | Summit Sotheby\u2019s International Realty Each January, Park City slips on its glitziest attire as the annual Sundance Film Festival sets it buzzing. The mountain\u2026","rel":"","context":"In "Home and Design"","block_context":{"text":"Home and Design","link":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/category\/home-and-design\/"},"img":{"alt_text":"Modern Home in Park City, Utah","src":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/01\/1693-West-Glencoe-B.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/01\/1693-West-Glencoe-B.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/01\/1693-West-Glencoe-B.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/01\/1693-West-Glencoe-B.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/01\/1693-West-Glencoe-B.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/01\/1693-West-Glencoe-B.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":346522,"url":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/luxury-lens-does-the-era-of-a-residence-shape-its-price\/","url_meta":{"origin":344399,"position":2},"title":"Luxury Lens: Does the Era of a Residence Shape Its Price?","author":"Kate Marburger","date":"April 13, 2026","format":false,"excerpt":"Luxury is in the eye\u2014and tastes\u2014of the beholder. But when a high-end home was built can offer hints about its characteristics. The \u201cJanuary 2026 Luxury Housing Report: Old Versus New,\u201d published by Realtor.com\u24c7 on February 11, 2026, compares luxury U.S. homes that have a median year of construction before 2002\u2026","rel":"","context":"In "Market Insights"","block_context":{"text":"Market Insights","link":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/category\/market-insights\/"},"img":{"alt_text":"Luxury Home in Heber City, Utah","src":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/04\/Heber.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/04\/Heber.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/04\/Heber.jpeg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/04\/Heber.jpeg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/04\/Heber.jpeg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2026\/04\/Heber.jpeg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":428,"url":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/collecting-focus-sports-memorabilia\/","url_meta":{"origin":344399,"position":3},"title":"Collecting Focus: Sports Memorabilia","author":"Procurement Admin","date":"March 17, 2025","format":false,"excerpt":"From a court-worn NBA jersey to signed soccer boots, the market for big-event mementoes is reaching new heights, says Jake Uitti Michael Jordan 1998 NBA Playoffs \u2018The Last Dance\u2019 Game Worn Jersey (detail) | Eastern Conference Semifinals Game 2. \u00a9 Photo courtesy of Sotheby's Sporting artifacts are a booming market.\u2026","rel":"","context":"In "Art and Culture"","block_context":{"text":"Art and Culture","link":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/category\/art-and-culture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/03\/header-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/03\/header-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/03\/header-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/03\/header-4.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/03\/header-4.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/03\/header-4.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":343759,"url":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/the-ultimate-homes-for-golf-lovers\/","url_meta":{"origin":344399,"position":4},"title":"The Ultimate Homes for Golf Lovers","author":"Kate Marburger","date":"April 10, 2025","format":false,"excerpt":"Enthusiasts are elevating their homes\u2014and their game\u2014with luxe on-site golfing features that allow them to practice in privacy, says Emma Reynolds Heber City, Utah | Summit Sotheby\u2019s International Realty For golf enthusiasts, living in a golf-focused community or close to a world-class course may not be enough. Increasingly, luxury homeowners\u2026","rel":"","context":"In "Home and Design"","block_context":{"text":"Home and Design","link":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/category\/home-and-design\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/04\/header-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/04\/header-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/04\/header-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/04\/header-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/04\/header-1.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/04\/header-1.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":344045,"url":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/luxury-real-estate-headlines-first-week-in-june-2025\/","url_meta":{"origin":344399,"position":5},"title":"Luxury Real Estate Headlines: First Week in June, 2025","author":"Kate Marburger","date":"June 6, 2025","format":false,"excerpt":"Homes in the News Wilson, Wyoming | Jackson Hole Sotheby's International Realty Mansion Global Crescent-Shaped Glass House Hits the Market as Jackson Hole\u2019s Most Expensive Listing A striking crescent-shaped home in Jackson Hole has become the area\u2019s priciest listing. With its sweeping glass fa\u00e7ade, panoramic mountain views, and cutting-edge design,\u2026","rel":"","context":"In "Brand News"","block_context":{"text":"Brand News","link":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/category\/brand-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/06\/Wyoming2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/06\/Wyoming2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/06\/Wyoming2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/06\/Wyoming2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/06\/Wyoming2.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-content\/uploads\/2025\/06\/Wyoming2.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/posts\/344399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/users\/232770370"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/comments?post=344399"}],"version-history":[{"count":1,"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/posts\/344399\/revisions"}],"predecessor-version":[{"id":345103,"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/posts\/344399\/revisions\/345103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/media\/344400"}],"wp:attachment":[{"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/media?parent=344399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/categories?post=344399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/extraordinary-living-blog\/wp-json\/wp\/v2\/tags?post=344399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}