The word “luxury” has long been associated with high-end goods and services that are seen as unnecessary extravagances. The way that luxury is viewed, however, has changed in recent years. Increasingly, luxury is seen as a state of mind rather than a material possession. This change is perhaps best exemplified by luxury real estate market.So what does luxury mean when it comes to high-end real estate?
In the past, luxury homes were simply large houses with high price tags. Today, luxury homes are designed to offer their occupants a lifestyle that is far beyond the reach of most people. Luxury living is all about providing residents with a level of care and amenities that cannot be found anywhere else, from private movie theaters to on-site concierge services.
This new definition of luxury is also evident in other industries, such as the luxury travel and hospitality sector. Businesses in these sectors are being forced to reconsider what it means to provide a truly opulent experience as more and more customers seek out distinctive and exclusive experiences.
For some people, high-end real estate is a necessary investment. After all, many would agree that experiencing great ease and comfort is a necessity for one’s own residential home. And while there are plenty of high-end real estate options available in countries like the United States and Canada, luxury living in the Philippines is becoming increasingly popular.
The Philippines is the ideal location to take advantage of all the amenities of luxury living because of its tropical environment, immaculate beaches, and welcoming population. From private villas with their own infinity pools to five-star hotels with world-class amenities, there are plenty of options for those seeking high-end real estate in the Philippines.
Whether you’re looking for a permanent residence or a vacation home, the Philippines has something to offer everyone.
Aside from living in a residential real estate property that makes each day a luxury living experience, it also entices real estate investors as a wise move to build wealth. Buying a luxury house can be a real property asset that will continue to appreciate as time passes by. In the real estate industry, a luxury house can be considered a great investment.
In recent years, there has been an increasing demand for high-end real estate in the Philippines. This is clear from the volume of queries about luxury homes that real estate brokerage platforms have gotten.
The growing demand for these properties is due to a number of factors, including the country’s strong economic growth and the increasing purchasing power of Filipino buyers. It is anticipated that demand for luxury real estate will increase in the upcoming years as more people look to invest in it. Investors seeking to profit from this trend have a fantastic chance here.
Luxury real estate is where beauty, comfort, and investment potential meet. To guarantee that the target market will enjoy the finest possible luxury living experience in the property, a number of requirements must be addressed. Some of these standards include a desirable location, top-of-the-line finishes and amenities, and a high level of service. While the term “luxury” can be subjective, there are certain features that luxury home buyers typically look for in a luxury property.
To wit, here are some of the factors that make a real property a luxurious home that the affluent housing market will surely love and enjoy:
Built on a Prime Location
In the real estate sector, location is key. Of course, each potential homeowner has a different conception of what makes a desirable area based on their particular wants and preferences. Some people prefer to buy undeveloped land or vacant land in rural locations, while others contemplate purchasing property in more urbanized areas for convenience. However, in real estate transactions, several objective elements define the existing and projected worth of a luxury home.
A suitable location for a real estate development should have decent transit, famous colleges, outstanding healthcare services, and a generally safe area. The presence of such indicators influences the sale price of luxury real estate, as well as the sale price of any real estate property in general. The easier it is for inhabitants to access the establishments required for daily life, the more valuable the location.
Another consideration is the forecast for the specific location. The construction of new commercial real estate developments in the region will undoubtedly increase its value in the future. The development of new shopping centers, offices, and commercial areas bodes well for homeowners. Simply put, the more developed and urbanized the area becomes, the more expensive it becomes.
The bottom line is that luxury residences in the Philippines are generally located in areas that provide residents with both accessibility and solitude. When these two coexist in the same community, it fosters an environment in which families and individuals can grow and enjoy themselves.
Massive Space for the Family
Space is another aspect that has a significant impact on real estate property sales prices. Nowadays, there is a scarcity of space, particularly in densely populated urban areas. It is currently difficult to find a high-end residential home with enough space for a family to live a pleasant everyday life in the Philippines’ capital region, Metro Manila.
This scarcity drives up prices because there is no longer enough land in this area where demand for real estate stays high and consistent.
During the epidemic, homeowners realized the importance of having more room in their homes. In an era when online classes and remote employment are the norm, it is critical to have enough space that can be adapted to meet the needs of the family’s lifestyle. In these ever-changing times, having a large enough home to accommodate this is essential.
Advanced Security Measures
The protection and security provided to residents of private gated communities—more generally referred to as subdivisions in the Philippines—is one of the benefits of doing so. Living in a high-end real estate property makes sure that these two are in check. On top of the basic security measures such as 24/7 security and CCTV cameras installed all over the vicinity, there are more advanced security measures these days that many luxury real estate professionals offer to homebuyers with their lineup of house and lot for sale.
Aside from intruders, exclusive gated communities make sure that the residents are clear of hazards and possible emergencies. Some of the products that can help in these instances are smart locks and lights, water sensors, smoke detectors, and many more.
Among the luxury real estate developers in the Philippines, one that successfully adapted to the call of home automation technology is Brittany Corporation with their Smart Home series. Brittany Santa Rosa’s Eliot Smart Home has modern home automation products installed to help residents ensure their family and property’s safety and security.
A World-Class Theme and Design
Luxury is all about the perfect harmony of beauty and comfort. Living in a personal property that caters to all the homeowner’s needs is not everything that a luxury house offers, the package is completed by the aesthetics. A high-end real estate property that features great architectural details is not just benefiting the residents, but will also increase its desirability for potential homebuyers.
The luxury-themed developments of Brittany Corporation feature an extensive portfolio of excellently built single-family homes and condominiums in multi-story detached buildings. Each development boasts its own master-planned community that shows key elements of architecture from its world-class inspirations—the traditional Swiss chalets of Crosswinds Tagaytay, the classic American style of Brittany Santa Rosa, the Italian-themed homes of Vista Alabang, and the Neo-Victorian houses at The Lakefront Sucat.
These developments ooze magnificent charm, which is combined with top-tier and meticulously maintained amenities that provide homeowners with a resort-like experience at any time. Olympic-sized swimming pools, banquet halls, exercise centers, playgrounds, and other facilities are available.
Exponential Value Appreciation
As previously mentioned, a luxury house is not just limited to personal use. It can be an investment opportunity or even a source of steady, passive income. If all the factors discussed in this article such as a prime location, massive space, safety and security, and world-class theme and design have been met, the property is more likely to appreciate in value over time.
This implies that the value of the luxury real estate property will increase the longer you keep onto it. Of course, maintaining the property will be expensive, but after a while, its exponential value growth might make it worthwhile.
Experience Luxury Living with Brittany Homes!
Brittany Corporation, one of the leading luxury real estate developers in the Philippines, has successfully built stunning communities that cater to homebuyers who are looking for the perfect combination of beauty and comfort in their own neighborhoods. Whether for personal use or as real estate investments, Brittany’s luxury houses in the Philippines are some of the best options that the affluent can consider and look into.
Experience the luxury of living in your own high-end real estate property! Read more about Brittany’s luxury homes from their website or send any sales inquiries to this link.