Real Estate Trends to Look Forward to in 2022
From a slowdown in frenzied price growth to the permanent effect of remote work on home design and new developments
The desperate frenzy of home buying spurred by wealth gains and a need for space around the world is likely to subside in 2022—with price growth coming back into the single digits for many areas and sales dipping amid too little inventory.
Still, the lifestyle trends that emerged during that home-buying surge will remain and even strengthen in the coming year. That’s especially true of those related to remote work, as many companies acquiesce to a desire for more flexibility for the long term. That means home offices, outdoor space and developments that support residents working from the building will thrive.
Home design that’s highly functional and supports well-being will also remain a top priority as many people settle into new homes in new cities.
Though the effect of the highly transmissible Omicron variant on the course of the pandemic is unknown, other trends likely to shape real estate in the coming year include rising interest rates, increased foreign travel and growing concern for environmental sustainability.
In this five-part series, Mansion Global looks at 2022 through the lens of top luxury markets, smart-home technology, design, amenities and new developments.