A mansion in Montecito, California on sale for almost US$17 million sitting on just over four acres. Photo: Sotheby’s International Realty A mansion in Montecito, California on sale for almost US$17 million sitting on just over four acres. Photo: Sotheby’s International Realty
A mansion in Montecito, California on sale for almost US$17 million sitting on just over four acres. Photo: Sotheby’s International Realty
millennials
Style /  Luxury

Now it’s millennials buying up multimillion homes – Sotheby’s real estate survey predicts rising prices as younger buyers skip starter homes for lifestyle living

  • Buyers born in the 80s are buying late, but buying big, skipping affordable first homes to splurge on environmentally conscious, WFH-ready dream homes
  • Lifestyle factors propel luxury property in affluent cities like Aspen in Colorado, Austin in Texas and Australia’s Mornington Peninsula

Topic |   millennials
Bloomberg
Bloomberg

Updated: 12:21pm, 8 Feb, 2021

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A mansion in Montecito, California on sale for almost US$17 million sitting on just over four acres. Photo: Sotheby’s International Realty A mansion in Montecito, California on sale for almost US$17 million sitting on just over four acres. Photo: Sotheby’s International Realty
A mansion in Montecito, California on sale for almost US$17 million sitting on just over four acres. Photo: Sotheby’s International Realty
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