What are your inclinations or preferences when buying a personal property, especially if it is luxury real estate? Sure, you have that distinct taste for how you want your home to look and feel. So, what would you consider before acquiring residential property? What are buyers and investors looking for in the real estate industry?
As years change, real property trends, both for luxury condos and luxury houses in the Philippines, also evolve. But, having full knowledge of consumer needs and wants allows real estate professionals to start reflecting on increasing market confidence. As you know, web 3.0, the new generation of the world wide web or the internet, has been providing next-level data that allows companies to understand consumer needs and wants without doing much physical research.
However, the relevance of market surveys remained strong. Real estate companies can also rely on the global buyer survey to know what to do with undeveloped properties. With the global buyer survey, real estate market players like Brittany Corporation can acquire information about consumer preferences when buying house and lot for sale or even luxury condos. Companies will understand the kind of buyer who will be attracted to luxury real estate and be more excited by the idea of Brittany living.
Moving forward on the topic of the global buyer survey, this survey indicates what home buyers are looking for when purchasing their personal property, amenities, and features for a house and lot for sale or luxury condo, prices, and even location.
In the 2021 Global Buyer Survey Philippine Edition released by Santos Knight Frank and as summarized by retalkasia.com, new and second homes remain in demand in the real estate industry. On a more detailed note, the findings suggest that buyers continue to search for homes in low-density environments.
Due to the pandemic, buyers’ concerns include wellness-related features. Such features can surely be found in luxury houses in the Philippines by Brittany Corporation. More than the grand and classic aesthetics of Brittany homes, Brittany living is about experiencing a conducive environment and premiere quality of life.
Of course, with concern for health, survey findings indicate buyers have begun shifting preference toward properties with good indoor air quality and properties that have green spaces.
Local responses to this global buyer survey Philippine Edition consist of people aged 40-60 years old, and 83% of these local respondents live in the city.
Although no global buyer survey has been released for 2022, here are some trends that are being observed when it comes to buying new or second homes.
Suggested Read: Where To Buy the Best Luxury Homes in the Philippines
Suggested Read: Notable Luxury Properties for Sale in Laguna
With buyers’ ability to produce income and convenient ways of financing, here are some major categories buyers continue to consider in home buying. No longer are people trying to survive solely. People are working hard and working intentionally to live a good life.
With this, one of the important considerations of those looking for a home, for basic house and lot for sale and even for luxury houses in the Philippines, is to be able to live in a space that is pandemic-proof.
What does “pandemic-proof” even mean? For residential properties, more specifically for single-family homes, coming to provinces has become a trend. Instead of staying in a multi-unit building, people prefer staying in wide, well-ventilated homes with green spaces.
For local buyers, real estate investment in open spaces remains ideal. Purchasing a home in the countryside has been amplified during the past two years. Despite face-to-face work having a comeback, there is still a growing interest in owning a house outside Metro Manila.
With continuous economic growth, this increase in country home buying has been accompanied by several constructions of highways, expressways, and even railways to bring provinces closer to the Metro. Such provinces include Bulacan and Pampanga in Central Luzon, and Cavite and Laguna in Southern Luzon.
As the survey suggests, companies respond and deliver. So, whether you are searching for vacant land, new or secondary homes, here are real properties developed by Brittany Corporation that you can visit: https://www.brittany.com.ph/property-listing/
Rather than the location, the high-income market will continue to be interested in purchasing homes that are designed and built with quality in mind.
Consider Overseas Filipino Workers. Each year, their remittances to their families here in the Philippines will continue to increase. Their desire to buy a better home for their family will be stronger. What they want is not just a separate apartment but a piece of luxury real estate that can turn into a multi-generational home. These are homes that will remain in good condition for a long time where several generations of a family can live in.
Of course, homes like this are created by competitive developers like Brittany Corporation. You can learn more about Brittany through this profile.
For both residential and commercial real estate, buyers and owners expect to be in an integrated community. Integrated communities are mostly preferred by millennials, those aged 25-34 years old, who make up about 28% of the Philippines’ labor force.
The demand for integrated communities will continue for millennials who will want to live in a separate apartment or an individual unit in multi-story detached buildings, surrounded by their needs and wants. Needs and wants refer to office buildings, shopping centers, groceries, hospitals, hotels, and other establishments that play a part in a person’s life.
This is why investors must lean more into making real estate investments in communities that combine residential and commercial spaces.
Nowadays, residential and commercial go hand in hand, so whether you are a residential global buyer or commercial real property investor, participate in a real estate business that caters to the holistic needs and wants of a human being.
Suggested Read: Rising Demand for Luxury Properties: Who’s Buying?
Suggested Read: Why luxury real estate investment stands out
For other global trends for home buyers, we look to money.usnews.com. Naturally, when buying houses, buyers consider sales prices. Yes, consumers consider affordability.
According to US News, a survey suggests that 50% of home buyers say that their main concern for purchasing houses is affordability. Other than that, 27% of the respondents answered that they worry most about availability. So besides putting out affordable homes or at least an ideal amortization table, real estate developers must be efficient in making properties available for clients.
Competitors in the real estate industry must be quick to transform raw land into attractive real estate properties. Their business processes must be tailored to accommodate a residential global buyer with ease and convenience. Definitely, it shouldn’t be too hard to acquire a property. This leads us to how buying and selling real estate should be done in 2022.
The residential global buyer will know the value of his or her investment. The investment is being made with hard-earned money and with family and the future in mind.
Needless to say, a real estate company should deliver. Also, considering the recent advancements in technology for real property, future homeowners expect more efficient real estate transactions. These transactions will encompass choosing a home, which means personal visits to the actual home or model house, up to processes leading to owning a property.
For sellers and vendors, visit the seller’s portal and vendor’s hub to find assistance in your real estate career and transactions.
