Phillip A. White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC, talks real estate in his latest interview with Lucy Cohen Blatter from Mansion Global. The 36-year real estate industry veteran shares his insight on emerging luxury real estate trends, millenials’ tastes, and more.
Next Hub: Luxury Properties
The real estate expert revealed that Sotheby’s International Realty is expanding into emerging markets of Western and Eastern Europe, Dubai, Australia, and Argentina. Consequently, new offices are opening in Abu Dhabi, Helsinki, Finland, Netherlands, Queensland, and Buenos Aires.
The Market: Millenials
As a result, millenials are opting to stay in big cities, particularly near town squares. Philip White establishes that this generation seeks to live “near activity.” This goes along with an inclination to contemporary art and design.