What a difference a year makes.  At the beginning of 2022, real estate markets all over the world were up against huge demand, limited supply and high prices. Looking toward 2023, the landscape has changed dramatically since central banks began raising interest rates last spring. Although home prices are falling and homes are lingering on the market, many in the industry look at the shift as more of a normalization than a correction. Sales activity and price growth from March 2020 to March 2022 was too hot not to cool down.  The process has already started. Global house-price growth for luxury properties—the top 5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} of the market—slowed to 8.8{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} per…