Luxury home buying trends
Growing demand for luxury housing and diminishing supply.
Following data collected in the real estate sector, based on last year’s statistics, we see a growing trend in the demand for property purchases and above all, for these types of properties.
However, supply for homes of this type is becoming increasingly rare, as unique characteristics are highly sought after.
What characteristics do you look for in the luxury property sector?
The pandemic has created a change in property requirements and criteria. It is now well known that people tend to look for properties with outdoor spaces, large terraces and away from urban city centers. In Marbella, panoramic sea views are highly valued as part of the criteria.
We must also say that, due to the current economic situation, another consequence is the trend of investment in luxury homes. It is becoming more and more common for large investors and even private buyers to opt for luxury villas with large exteriors, in luxurious residential areas.
All this is currently trending in the luxury property market sector. We see that an increasing number of investments are being made in villas with large exteriors, villas in exclusive residential areas, etc.
If you are considering investing in a luxury property, to follow are the most sought after characteristics:
The properties location
We would like to emphasize that one of the areas at its peak is Nueva Andalucia, which encompasses areas such as: Las Brisas, Aloha, Sierra Blanca, La Quinta Golf, Los Naranjos, etc. Especially if you are a golf enthusiast.
Without forgetting areas such as La Zagaleta, considered to be the most luxurious location in Europe, where a growing number of high-end investors are acquiring property.
Energy efficiency
Highly energy efficient properties are one of the most demanded aspects nowadays. This is especially true among young buyers, who are more of the importance of environmental health and minimizing emissions.
Services offered
The pandemic has also caused people to look for properties with higher standards of comfort and greater services, because they have been at home for so long.
Just as proximity to services such as schools, supermarkets and leisure areas continue to be important, the fact that a property has a private communal area or swimming pool is becoming more and more popular.
Technology
We are progressively encountering more tech-savvy buyers, who are looking for their home to have the highest standards of comfort as well as being a Smart Home.
Why should you invest in a luxury property now?
As you already know, inflation is growing worldwide and one of the safest investments is purchasing property, either to increase your wealth and make profit by renting it out, or to sell it on at a later date.
Now is the right time to invest in a luxury property.
If you are ready to take the step, contact us and we will personally advise you on how to find your ideal property.