CHICAGO and PUNTA BALLENA, Uruguay, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Christie’s International Real Estate announces the launch of Christie’s International Real Estate Uruguay, in partnership with a team of top Uruguayan brokers.  Under the leadership of managing partners Sven Jurgan and Brian Jones, the new brokerage firm will specialize in the curation, listing and sale of premier estates, luxury developments, and large working ranches and farms, known as estancias, in the South American nation. The compa ...

Core Insights - Shenzhen's luxury real estate market is experiencing a significant boost with the introduction of four major high-end projects, attracting high-net-worth individuals and increasing market activity [1][2] Group 1: Market Trends - In November, Shenzhen's second-hand housing transaction volume increased by approximately 17%, with luxury homes priced over 15 million yuan accounting for 2.3% of total transactions, up 0.6% from October [1] - The concentration of high-end projects entering the market is expected to activate potential buyer demand and accelerate transactions among high-net-worth clients [2] Group 2: Project Details - The four major luxury projects include: - Shenzhen Bay Lingxi: 348 units, with main areas ranging from 209 to 1180 m², pre-sale approved on November 24 [2] - CITIC Xinyue Bay: 407 units, main areas from 210 to 510 m², showroom opening at the end of November [2] - Lian Tai Chaozong Bay: 136 units, main areas from 303 to 1000 m², showroom and model room opened [2] - Houhai Zhaoshang Xi: 348 units, main areas from 186 to 247 m², showroom opened [2] Group 3: High-Net-Worth Demographics - According to Hurun Research Institute, Guangdong continues to lead in the number of high-net-worth families, with Shenzhen having 77,200 such families, ranking fourth nationally, providing a stable customer base for the luxury housing market [2]

Core Insights - West Palm Beach, FL is experiencing the fastest growth in luxury home prices among major U.S. metros, with a median price of $4.04 million, reflecting a 187.3% increase over the past decade, significantly outpacing the national average of 82.5% [2][4][10] - The Sun Belt region dominates the list of metros with the highest luxury home price growth, with eight out of the ten fastest-growing areas located there [10][11] - New York has seen the slowest growth in luxury home prices, with only a 15.4% increase over the past decade, highlighting a shift in high-end homebuyer preferences towards the Sun Belt [4][11][14] Summary by Category Luxury Home Price Growth - West Palm Beach leads with a median luxury home price of $4,039,354, marking a 187.3% increase since 2015 [3][4] - Other notable metros include Nashville (171%), Phoenix (165.7%), Las Vegas (161%), and Miami (148%) [10][11] Market Dynamics - The luxury market is expanding beyond traditional coastal cities, with high-end wealth increasingly distributed across the Sun Belt [11] - Wealthy buyers are attracted to South Florida due to its no-income-tax structure and the rise of remote work, allowing relocation from high-tax states [8][9] Comparative Analysis - New York's luxury market has struggled, with a mere 15.4% growth over the past decade, contrasting sharply with the rapid increases seen in Sun Belt cities [4][14] - San Francisco remains the most expensive luxury market, with a median price of $6,439,094, despite slower growth of 57.8% since 2015 [15] Market Trends - The luxury home market in West Palm Beach has shown consistent strength, with a 105% increase over the past five years, making it the second-fastest growing metro after Miami [7] - The shift in buyer demographics and preferences is reshaping the luxury real estate landscape, with significant implications for future market trends [11][14]

Core Insights - A new brokerage firm, Christie's International Real Estate Evergreen, has been launched in Portland, led by experienced agents Brian Pienovi, Andrew Pienovi, and Patrick Clark, who collectively bring decades of expertise to the market [1][3][5] - The firm aims to focus on quality and boutique luxury service, contrasting with previous ventures that scaled to over 200 agents [3] - Christie's International Real Estate Evergreen will leverage exclusive technology and marketing partnerships through its affiliation with Christie's, enhancing the service offerings for luxury real estate clients [4][5] Company Overview - Christie's International Real Estate Evergreen is a continuation of Brian Pienovi's successful career in Portland's real estate market, having previously sold two brokerage firms to Windermere Real Estate [3] - The firm is strategically located in the Pearl District of downtown Portland, a neighborhood experiencing renewed interest from luxury buyers [2][6] Market Positioning - The founding members are well-positioned to cater to Portland's luxury market, with an average sales price exceeding $1 million, which is double the metro-wide average of $515,000 [5] - The firm has been appointed to lead sales and marketing for the Ritz-Carlton Residences Portland, indicating a strong entry into high-profile developments [5] Market Trends - There is a growing trend of luxury buyers returning to downtown neighborhoods from the suburbs, as well as an influx of homebuyers from California attracted by Portland's natural amenities and lower home prices [6] - The firm expresses optimism about the Portland real estate market, emphasizing the unique position afforded by Christie's global network and resources [7]