The U.S. Election Caused a Drop in Luxury Home Sales Around the Globe

Across the globe, the ultra-luxury real estate sector slowed to a crawl in the third quarter pending the results of the U.S. presidential election. According to a new report published by the London-based real estate brokerage and consultancy Knight Frank, wealthy buyers hit pause on their trophy home searches in the three months leading up to September 2024, resulting in a steep decrease in super-prime residential sales around the world. In the 12 markets analyzed, there were 406…