2025 Global Luxury Real Estate Forecast

CAR GALLERIES

The modern garage has evolved far beyond a utilitarian space for parking, storage and the occasional maintenance project. Today’s car enthusiasts are transforming their garages into sleek galleries to house their collections, even integrating these showrooms with the home’s living space. The idea of cars as art is on full display – no pun intended – at three new branded developments from some of the world’s top car makers: the Bugatti Residences in Miami and Dubai, the Bentley Residences Miami, and the Porsche Tower Miami. These residences have been designed with cars at the forefront; each features an elevator that transports homeowners’ cars from the ground level into their luxe living spaces. Classic cars are becoming more popular as collectible investments, and demand for luxury and vintage vehicles is rising, with the classic car market projected to reach US$51.3 billion by 2028. Last year, Christie’s auction house added classic cars to their catalog, further underscoring the growing allure and popularity of vintage automobiles among the world’s most affluent individuals. Payton Stiewe, a founding agent of Christie’s International Real Estate San Francisco, Wine Country and Marin, has seen an increase in buyers looking to ways to showcase their classic automobiles in the same way one would highlight wine or art. “Imagine art displayed on the walls, wine carefully stored in the cellar, and collector cars showcased in a pristine garage—each element reflecting an appreciation for the finer things in life.”

BIOPHILIC DESIGN

Bringing the outdoors in has long been a priority for luxury homeowners, but biophilic design is taking the concept to new heights. This philosophy is rooted in the connection between humans and nature in built environments, with design that blurs the lines between a home and the outdoors. Examples include soaring atriums with living walls, expansive skylights that flood rooms with natural light, tranquil indoor gardens, and water features that bring the soothing sound of nature indoors. For many luxury homeowners, biophilic design is more than just aesthetics—it’s about creating a peaceful haven that fosters well-being. Studies show that biophilic design elements can reduce stress levels, enhance creativity and offer healing properties. Eywa in Dubai is a prime example of the use of biophilic design. Said to be inspired by the “Tree of Life” from the movie “Avatar,” the building offers crystal gardens, water features and greenery throughout, and every unit features a private pool and a cascading waterfall. In southwest Florida, biophilic design has long been popular, inspired by the region’s warm temperatures and typically pleasant weather that naturally encourages residents to embrace indoor-outdoor living. “Bringing the indoors outside and outdoors inside has been a common request of our clients,” says Ron Howard of John R. Wood Christie’s International Real Estate. “Whether that be through retractable glass walls that open up to waterfront views or fully equipped outdoor kitchens, our luxury clientele wants a connection to the outdoors, and they will pay for it.”

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