From cottage to family home: 4 beautiful Irish properties on the market for €200,000 and under
From cottage to family home: 4 beautiful Irish properties on the market for €200,000 and...

Sarah Finnan

3 luxury tech trends to know
3 luxury tech trends to know

Jennifer McShane

Meet Ashley McDonnell, tech and luxury entrepreneur and podcaster
Meet Ashley McDonnell, tech and luxury entrepreneur and podcaster

Jennifer McShane

5 ways to help you fend off festive anxiety this year
5 ways to help you fend off festive anxiety this year

IMAGE

Supper Club: Try this super green falafel recipe
Supper Club: Try this super green falafel recipe

IMAGE

This Dublin 4 cottage has had a complete transformation thanks to its architect owner
This Dublin 4 cottage has had a complete transformation thanks to its architect owner

Orla Neligan

Set on a two acre site, this three-bedroom Kildare home is on the market for €389,950
Set on a two acre site, this three-bedroom Kildare home is on the market for...

Sarah Gill

The Sequins Edit: How to shine this festive season
The Sequins Edit: How to shine this festive season

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Accounts to follow for homemade giftspiration and Christmas décor ideas
Accounts to follow for homemade giftspiration and Christmas décor ideas

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This spacious Portlaoise home with its own peaceful garden is on the market for €340,000
This spacious Portlaoise home with its own peaceful garden is on the market for €340,000

Sarah Finnan

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AGENDA, STYLE

How the luxury market has changed and why it’s still booming


by Joanne Hunt
15th Nov 2022
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Despite high inflation, employment uncertainty and looming recession, Irish affluent consumers are still buying luxury goods - from designer bags, jewellery and high-end cars to property and collectables. Is this being driven by a ‘life is short’ mentality or something else? And what is the future of the luxury market?

Rising inflation and interest rates have meant a cost of living crisis for many, but bigger food and energy bills are not impacting everyone. A surge in the value of luxury brands globally means, despite gloomy economic predictions, the luxury market is, so far, weathering well.    According to data, affluent consumer spending remains high and those with money are continuing to take comfort in buying “lovely” things.  “Higher income consumers are definitely feeling less impacted...

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