The Sotheby's International Realty® brand’s 2025 Luxury Outlook℠ report explores global trends in high-end residential markets and forecasts key developments for the year ahead. It highlights how the US$84 trillion intergenerational wealth transfer will reshape investment dynamics, while anticipated price normalization in 2025 may present strategic entry points in key markets. The report tracks where 135,000 high-net-worth individuals are projected to relocate in the coming year, offering insights into luxury hubs around the world, and how "Best Place to Live" rankings impact property values and inventory – from Vienna, Austria to Naples, Florida.