Consumer Confidence | Global Affluence: The Emerging Luxury Consumer

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Last week, Sotheby’s International Realty® introduced “Global Affluence: The Emerging Luxury Consumer,” a report examining the confidence, spending habits and purchasing interests of emerging luxury consumers from around the world.  Today, we take a deeper dive into the confidence of the emerging luxury consumer; the report found that those with $250,000 USD to $1 million USD in investable assets are have an overall level of confidence.

Emerging luxury consumers around the world are confident in the economy.  Most feel that their respective national economies are strong and headed in the right direction.  In addition, this demographic is extremely confident in their own personal economic situations and feel that they can afford all the things they want, including a home.

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Emerging luxury consumers have also expressed confidence in their respective housing markets.  While many have plans to purchase a luxury home in the next year, there is a significant jump of those looking to purchase a luxury home in the next three years, ranging from 76% of emerging luxury consumers in the United Kingdom to 95% of emerging luxury consumers in India.

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Key motivators behind the emerging luxury consumer’s home purchasing decision vary from country to country and include the state of the housing market, being at the right stage in life and looking for a home to fit a particular lifestyle.

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For more information on the confidence of emerging luxury consumers, download the complete “Global Affluence: The Emerging Luxury Consumer” report by clicking here.

 

Prominent Properties Sotheby’s International Realty members collaborate with Rebuilding Together® Bergen County for the third year to make homes safer and healthier for Bergen County Families

For the third year, Prominent Properties Sotheby’s International Realty members and their fellow members of the Community Service Committee of the Eastern Bergen County Board of Realtors collaborated with Rebuilding Together® Bergen County on “National Rebuilding Day” to contribute to making homes safer and healthier for families in Bergen County.

This year, the volunteers were hard at work painting and refreshing the residents’ rooms at Bright Side Manor in Teaneck, New Jersey.

Rebuilding Together® has declared National Rebuilding Day to be held across the country on the last Saturday in April. National Rebuilding Day is the culmination of a year of planning, evaluating, training, organizing and mobilizing hundreds of thousands of community volunteers. Community leaders and national corporate sponsors embrace it as a way to bring immediate impact to America’s communities in a single day.

This year, National Rebuilding Day was held on April 29, 2017, and across the country Rebuilding Together® affiliates carried out projects that celebrate the organization’s mission and bring national attention to the plight of America’s low-income homeowners and the communities in which they live.

On National Rebuilding Day, volunteers join local Rebuilding Together® affiliate leaders to provide much needed and sometimes critical life-saving repairs for vulnerable families to houses and nonprofit facilities, revitalizing entire communities and making a lasting impression on the families who are served. For many volunteers, these positive experiences of helping their neighbors in need bring them back year after year.

The national impact generated on this day is strong, with volunteers completing more than 4,000 home and community center projects every year across the country. Nationally, over the course of the year, nearly 10,000 volunteers complete about 10,000 rebuild projects each year.

On a local level, Rebuilding Together® Bergen County also experiences high-impact success. Each year locally, more than 300 volunteers repair approximately 10 homes and serve dozens of individuals and families.

“Being neighborly is an easy thing to do in such a special community,” says, Broker Associate, Manager at Prominent Properties Sotheby’s International Realty’s Tenafly regional office, and Chair of the Eastern Bergen County Board of Realtors Community Service and Outreach Committee, Janet Ginsberg, “It’s an honor to lend a helping hand and make a positive impact.”

“National Rebuilding Day is a favorite here at Prominent Properties Sotheby’s International Realty” says, Charles Oppler, COO and Co-Owner of Prominent Properties Sotheby’s International Realty, “Many of our members have been residents of Bergen County for their entire life. It is an honor to serve such a great community as Bergen County and we thank all the volunteers who joined together to make a difference for the families in need.

REBUILDING PPSIRProminent Properties Sotheby’s International Realty members volunteering on National Rebuilding Day at Bright Side Manor in Teaneck, New Jersey.

REBUILDING GINS LEVITT CHARLIEProminent Properties Sotheby’s International Realty Members: Janet Ginsberg, Broker Associate and Tenafly regional office Manager; Charles Oppler, COO and Co-Owner; Kim Levitt, Sales Associate at the Tenafly Regional Office and volunteers making repairs on National Rebuilding Day!

REBUILDING GROUPThe National Rebuilding Day volunteers at Bright Side Manor in Teaneck, New Jersey, making a difference for families in need…

Prominent Properties Sotheby’s International Realty’s Montclair Regional Office hosts second public art exhibition

Prominent Properties Sotheby’s International Realty, one of New Jersey’s leading luxury real estate brokerages, is delighted to announce it is hosting a public art exhibition and invites the public to attend the opening reception at the firm’s Montclair regional office located at 32 Valley Road on Thursday, May 4th 2017 from 6:00pm to 8:00pm

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The show, titled ‘Points of View; In Bloom’, is the second in a series of three art exhibitions. The exhibition features artworks from seven artists who live or work in the community including pieces by; Constance Culpepper, Yvette Lucas, Laurie McCoy Foster, Susie McKeown, Sharon Pitts, Lisa Redburn, and Rachel Roth.

The exhibition will consist of artworks of a variety of media all of which, in the spirit of the Spring season, are consistent with the ‘In Bloom’  theme.

“We are overjoyed to be hosting our second art exhibition,” says Denise Riordan, Montclair Regional Office Manager, “We hope to see people return to our event and to welcome newcomers as well. It is an honor to host the works of the talented people of our community.”

Sponsors include William H. Connolly & Co. Insurance Brokerage and NJ Lenders Corp. Mortgage Bankers. Light fare and refreshments will be provided at the opening reception by food and wine sponsors Turtle and The Wolf, and Amanti Vino Wine Shop.

For more information about the event and the exhibition, visit blog.prominentproperties.com or call the Prominent Properties Sotheby’s International Realty, Montclair regional office at 973.783.6900.

About Prominent Properties Sotheby’s International Realty: Marketing New Jersey Real Estate at the Highest Level, Prominent Properties Sotheby’s International Realty is an integral part of the New Jersey real estate landscape, with a dedicated team of 600 licensed professionals and staff working out of 13 offices throughout Northern and Central New Jersey. Regional Offices are located in Alpine, Edgewater, Englewood Cliffs, Franklin Lakes, Hillsdale, Hoboken, Montclair, Ridgewood, Saddle River, Short Hills, Tenafly and Westfield. Prominent Properties Sotheby’s International Realty is committed to skillfully serving their clients and the community, fostering a culture of ethics, collegiality, community, and diversity; delivering exceptional results within the industry as a top-ranked, fully integrated New Jersey real estate services firm. For further information visit: www.prominentproperties.com or connect on social via Twitter: @prompropsir and Facebook.com/ppsir