Each year, Christie’s International Real Estate publishes its Global Luxury Perspectives report, drawing on proprietary survey data from more than 6,500 advisors across 50-plus countries. As a member of the Christie’s network, I read the 2026 edition closely — and below is what stood out, with a view toward what it means here in South Florida.
The market is stabilizing, not cooling
The report introduces the Prime Sentiment Index (PSI), a forward-looking gauge of buyer demand, price expectations, and inventory. The 2026 composite reads +14.4, broadly in line with 2025’s +15.6 — a market settling into healthier balance rather than slowing down.
| Driver | 2024 | 2025 | 2026 |
|---|---|---|---|
| Composite PSI | −5.4 | +15.6 | +14.4 |
| Buyer Demand | +2.0 | +37.7 | +29.3 |
| Price Outlook | −3.3 | +13.8 | +14.6 |
| Inventory* | −27.3 | −36.9 | −23.2 |
*Inventory is inverted — a negative score reflects expanding supply.
In practice, advisors describe fewer urgency-driven decisions and more selective, intentional transactions. Buyers are prioritizing fit, lifestyle, and long-term confidence — exactly the posture I see among clients evaluating Miami today.
Four global trends
The report frames the year around four themes:
- Havens — Physical privacy and asset protection are the new luxury priorities, with demand for self-contained, wellness-oriented sanctuaries.
- Identity — Homes have become a form of self-expression; buyers choose residences that reflect their passions over raw square footage.
- Opportunity — Affluent buyers leverage geographic flexibility to access favorable jurisdictions and rebound markets.
- Continuity — With $124 trillion in global UHNW wealth now transferring between generations, luxury real estate is being treated as a legacy asset.
Why this favors South Florida
The single most important signal for our market sits inside the Opportunity trend: wealth continues to shift from high-tax, high-regulation metros toward business-friendly, low- or no-tax markets. That is the structural story behind Miami’s last several years — and the report frames it as an ongoing, not a finished, migration.
The Americas posted a 2026 PSI of +16.5, and Florida featured prominently in the year’s significant sales, including a $55.5M trade in Manalapan and a $22M waterfront sale in Naples, where pricing stabilized before demand surged again.
1140 South Ocean Boulevard, Manalapan — sold for $55.5M, one of the year’s significant sales cited in Christie’s 2026 Global Luxury Perspectives.
If you are weighing a move or a purchase in Miami, these are the dynamics shaping pricing and inventory right now. I am happy to walk through what they mean for a specific neighborhood or building.
Source: Christie’s International Real Estate, 2026 Global Luxury Perspectives.