Each of us has sometimes dreamed of living in luxury housing. Sleeping in your two-story penthouse with a swimming pool, a barbecue area, and your own huge yard. Or choose a stunning view on the 45th floor with a panoramic view of the city, where life is like a cloud. Or do you prefer smart modular homes that have incorporated the latest technology, compactness, and convenience?
It’s up to you because it is your dreams that create demand in the real estate market.
Let’s take a closer look at the real estate market today and what it offers to its customers.
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Business Class Apartments and Real Estate Trends in 2024
The development of society does not stand still, it is changing and progressing at a tremendous speed, affecting the real estate market as well. Wealthy buyers want to see new trends, interesting solutions, comfort, and safety in their homes.
It is advisable to delve deeper into some market trends to understand what luxury real estate is now considered to be:
- a big bet on technology. In 2024, a surge in demand for smart homes is expected. After all, the development of artificial intelligence has made its own adjustments to the real estate market. Nowadays, tech-savvy homes are considered a luxury;
- security in and around the premises. It is important to have a safe environment for living and working, so business-class complexes offer enhanced security, safety, video surveillance, access control, and the use of high-quality and durable materials in construction;
- ecology and construction. In recent years, affluent society has placed greater emphasis on environmental friendliness and green spaces. There is a greater emphasis on energy-efficient technologies, eco-friendly construction, and environmental certificates;
- infrastructure and services. High-quality roads and the ability to get to the right place quickly. Healthcare facilities, entertainment, kindergartens, and shops should be within easy reach.
- Revival of suburbs and demand for luxury life homes. Large space have always attracted people. Spacious rooms, a tidy adjacent territory, a place for a car, a swimming pool and recreation areas will not leave indifferent discerning buyers.
In general, there is now a trend towards greater functionality, quality of materials and construction, and landscaping rather than ostentatious luxury.
Why Are Small Modern Luxury Homes in Trend Now?
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Even if they have a lot of money, people often choose small houses, and we know that even a 50-square-metre house can be expensive and luxurious.
The price is influenced not only by the area but also by the location, the materials used to build the house, and the work of qualified specialists.
Also, IoT homes that make life easier and help in everyday life are now at the peak of fashion. You can control your home online via your phone from work, close windows, switch on heat and light, electrical appliances, ventilation, and much more. People are ready to pay x2 for rich functionality and comfort at home because the era of technology is just beginning and has introduced its own rules to the luxury real estate market.
Time Is Money, or What Wealthy People Consider When Building Houses
To ensure that the construction process does not drag on for years, the luxury real estate market offers modular houses: the current trend focuses on small room sizes, but there are also exclusive options.
A big advantage here is the speed of assembly of a modular house. The production of modules takes no more than two months. They are also assembled quickly, so you can move in within a short period of time.
Hiring designers and decorating the house with luxurious things and expensive appliances – even all this will take you less time than building a huge mansion! So, yes, wealthy people value their time and are willing to pay for it.
What Are the Components of Luxury Home Real Estate?
For demanding and status clients, both premium residential complexes and elite houses with estates are being built. Everything will be thought out to the smallest detail, and the most advanced technologies will be taken into account!
Luxury real estate will cover many factors, such as:
- location in the city center or in an elite suburban area;
- exquisite architecture and design of the property;
- natural, expensive, and high-quality materials;
- closed courtyard, technological finishing.
In general, all the wishes that a wealthy buyer wants to implement in construction will be taken into account and fulfilled. Today, the real estate market has no boundaries. That’s why even the most complex projects can be implemented to suit the client.
Can the Rental Market Be Classified as an Elite Segment?
The dynamics of the rental market have spread to the elite of society. Due to changing societal preferences, wealthy people are also ready to choose this segment.
Active lifestyles, frequent business trips, or even the desire to live in a villa by the sea for a while make people rent premium accommodation rather than buy it outright.
The elite are also keen to rent estates where, for example, the world-famous Beatles or other famous performers, actors, or athletes used to live. The desire to touch fame and live where famous influencers lived will always be in trend.
It is worth noting that luxury trends can be fleeting. Premium houses or apartments are no longer just a place to live but a lifestyle, a choice of comfort, security, prestige, and new technologies. It is worth focusing on your own preferences and implementing them.
