New Trends In Luxury Real Estate
Luxury real estate is all the rage, and that should come as no surprise. People with the necessary means want to experience living at its finest.
But what specifically are they seeking in properties? What is it that they want?
That’s the topic of this post. It explores the facets of homes that are most appealing to HNWIs, and why they are trending.
Wellness-Centric Design
These days, a lot of people have a lot of money. So, because of this, the wealthy are having to find new ways to differentiate their properties from others.
The focus now isn’t so much on extravagance and opulence. Instead, many wealthy people want designs that support their well-being wherever they go in their homes. Properties are now including things like gyms and wellness spas to meet their owners’ demanding requirements.
However, those aren’t the only improvements being made to support wellness. Building designers are taking a ground-up approach to boosting well-being with innovations like red-light LEDs and low-VOC materials. Incorporating these reduces risks substantially and helps to keep owners healthier.
Multi-Functional Spaces
We’re also seeing the rise of multi-functional spaces in luxury accommodation. Owners want rooms that they can use for multiple purposes.
For example, owners are looking for office-like spaces that let them work from home, educate their children, and even enjoy entertainment. These spaces give them the flexibility they need to meet their changing demands.
Unique Statements
Alongside these innovations, there is also demand for unique statement pieces. Homeowners want things in their properties that say more about who they are and what they prioritize.
For example, there is currently a growth in interest in vertical gardens. These can green walls indoors and outside without taking up space, creating a more relaxing atmosphere. Cantilevered homes and architectural creativity are both making their impacts felt.
Natural Integration
Continuing this theme, more wealthy people are also looking for luxury homes that integrate with nature. Many now recognize that they need to be around greenery to fully appreciate and enjoy their properties.
This natural integration is taking several forms. For example, we’re seeing indoor gardens, seamless transitions to outdoor areas, and more terrace space. Luxury homes also include rooftop areas for views over the neighborhood.
Smart-Home Technology
Of course, the wealthy are also interested as a group in smart home technology. The more home features they can automate, the better.
Key smart home technologies involve those related to security. These help homeowners keep tabs on their properties but prevent the need for constant monitoring. AI systems can watch intruders approaching and then send alerts so that security can deal with the situation.
Climate control systems are also important to the wealthy. Accommodation should allow for variation in temperature and humidity to suit inhabitants’ needs.
More Eco-Friendly Living
Finally, many people want homes that offer them more eco-friendly living. Wealthy people want innovations that cut down on their waste, CO2 production, and materials usage. This trend is driving an entire movement toward minimal luxury that doesn’t cut corners.
