The global market is increasingly volatile right now due to several factors, such as the political unrest in Ukraine and Russia, increasing interest costs, and the slow rebuild coming from the COVID pandemic. Because of increased uncertainty, high-net-worth individuals seem to pivot towards more stable and reliable investments, that is to say, the luxury housing market. Homes, especially luxury real estate, have shown that they always appreciate with time.
The luxury housing market has therefore seen an uptick in sales in 2021. And a recent analysis by Pacaso has shown that luxury property sales have continued to jump in Q2 of 2022. Experts predict that the luxury property market will continue to perform well until the end of the year, but there may be a slight decrease in the pace of growth compared to the industry’s boom in 2021.
That being said, the luxury real estate industry continues to perform well in the market, despite other industries facing challenges in the world economy. Many consider luxury real estate a safe bet when it comes to investing and growing their portfolio. Adding a luxury property to their diversified holdings makes investors feel like they have a safety net they can rely on to still give them a worthwhile ROI.
The housing market has remained relatively stable compared to other markets. And according to Pacaso Co-founder and CEO Austin Allison, “Overall, luxury real estate exceeded expectations and outperformed the rest of the second home category and the overall real estate market in Q2 2022. Despite a rising interest rate environment and growing concerns of a recession, it is clear that demand for this type of asset remains strong.”
Despite the effects of the pandemic on the global markets, the housing market has experienced unprecedented growth. This growth peaked in April 2022 when it was up 21% nationwide in the United States.
In Q2 of 2022, the luxury housing market remained strong, although the growth seems to be normalizing back compared to the rapid growth. Even when some luxury property listings decelerated for the first time in May, prices were still up compared to 2021. Despite this slight deceleration, industry veterans forecast that the housing market will continue its slow growth.
The volatility of the stock market today has driven affluent investors to invest in more stable assets such as luxury property. In fact, since 1980, the housing market has been more stable compared to stock market indexes, especially during times of global uncertainty.
The luxury housing market has experienced high demand, despite rising interest rates post-pandemic. While mortgages have increased rates slightly in recent months, the overall rate has remained relatively low, making it easier to commit to a luxury property. Luxury homes are still seen as a great option when investing, especially as second homes or seasonal vacation homes.
Analysts have seen a trend when it comes to purchasing and building luxury homes. Most individuals and families are choosing to purchase luxury properties in popular vacation spots or in communities adjacent to the busy metro.
Luxury properties in Tagaytay, such as in the Crosswinds community of Brittany Corporation, are the top choice for people who want to build a vacation home. These homes will be nestled in the expansive Crosswinds Tagaytay enclave, an estate filled with pine trees and inspired by the enchanting beauty of the Swiss Alps.
There is an increase in demand for luxury homes in vacation destinations with access to outdoor activities. Buyers have been looking for a community where their home would also grant them access to amenities, establishments, and outdoor spaces, giving them more bang for their buck. Popular outdoor activities these affluent homebuyers look for are hiking trails, water sports, and biking. Of course, the beautiful views and scenery are an additional perk of a luxury home in a vacation spot. In general, luxury home buyers want a home that allows them to live a vacation lifestyle.
Another trend analysts have observed is the migration out of the metro and into adjacent communities. Congestion in the big cities has become a problem, and with more flexible work and school setups, more people have been looking for luxury homes outside of the city.
This move towards luxury homes outside the metro is due in part to the luxury of space. Bigger homes, bigger lots, open communal spaces, and access to nature all play a part in this market trend. With more people with a flexible remote work or study option, they see value in having a spacious luxury home where they can do all that.
Again, Brittany Corporation has luxury homes for families looking for an address outside the metro. Even though these exclusive communities are in cities south of the metro, major highways still make the city and other nearby provinces easily accessible. Brittany Santa Rosa has three luxury communities in Laguna that are a short drive away from the Makati business district. These homes are located in the sweet spot between the city and the countryside, giving residents the best of both worlds.
There is no better time to invest in high-end properties than now. Brittany has several luxury homes for sale in different areas of the Philippines. Each luxury community under the Brittany name is inspired by some of the most beautiful places in the world, such as Switzerland, Italy, England, and America.
Crosswinds Tagaytay is Brittany’s pine tree estate in the heart of Tagaytay. Designed after traditional Swiss chalets that dot the Alps, the luxury condominiums of Crosswinds give you a luxury wood cottage experience. Overlooking the stunning views of Tagaytay’s rolling hills, your Crosswinds luxury condominium grants you a calming escape from the busy city.
Choose a luxury unit from Alpine Villas or the Grand Quartier as your vacation home. Of course, you can also rent it out to Tagaytay weekend travelers to make the most of your luxury property investment. You can also choose to build a beautiful vacation home in Tagaytay by purchasing a luxury lot in Lausanne at Crosswinds.
Vista Alabang brings the old-world charm and beauty of Italy to the Philippine shores. Comprised of three exclusive master-planned communities–Portofino Heights, Portofino South, and Amore at Portofino–Vista Alabang gives its residents a taste of Italian luxury. Homes at Portofino feature traditional Italian architectural details such as courtyards, cupolas, towers, exposed stone walls, and gabled roofs.
But aside from the beautiful luxury homes, residents can also experience the Italian lifestyle through the cobblestone pathways, fountains, and statues sprinkled across the entire community. Taking a walk around the Vista Alabang is sure to transport you to the sunny Italian countryside.
Promenade is one of the luxury communities of Brittany Santa Rosa and is inspired by the idyllic atmosphere of the English countryside. Welcoming residents to Promenade is a huge obelisk, which leads to the clubhouse. Hedge gardens are the main feature of this luxury enclave, as well as well-manicured gardens, cobblestone paths, and hushed woods.
The homes of Promenade are designed to be a more upscale version of an English cottage or manor. These luxury houses feature spacious rooms, high ceilings, and all the amenities a growing family needs.
There is no mistaking the beauty and grandeur of Southern American architecture, and Brittany brings this extravagance to two of its communities: Georgia Club and Augusta. Both of these communities are again within the Brittany Santa Rosa roster. American-style mansions make up this community, as well as world-class amenities and community spaces.
Take advantage of the growth in the luxury housing market and purchase an investment property at Brittany! Browse our website to see all our properties in Tagaytay, Alabang, and Santa Rosa. And follow us on Youtube and LinkedIn to stay updated!
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