Detroit Tops US Luxury Housing Market Despite Bankruptcy Past

Luxury real estate markets around the world display varied dynamics as of late 2025. In Nigeria, despite a large unsold inventory in major cities like Lagos and Abuja, prices remain high and sellers are reluctant to lower them, indicating the market is not yet favorable for buyers. Conversely, Detroit, Michigan, has emerged as a top luxury housing market in the U.S., benefiting from affordability, strong demand, and economic momentum, with luxury home prices well below national averages, signaling a robust comeback. In Milan, the luxury real estate sector is showing a resilient recovery marked by steady price increases and growing interest in eco-friendly properties, suggesting promising investment opportunities. Meanwhile, in the U.S., luxury home values vary widely by region, with metros like Atlanta offering more square footage per million dollars spent compared to urban centers like Honolulu, reflecting regional differences in real estate markets. These insights collectively underscore the complexity and regional diversity of luxury real estate trends globally.