Luxury real estate is a sector that is in vogue, given the incessant business opportunities and the attractive profitability rates involved.
Currently, there is a fruitful bilateral relationship between buyers and sellers operating in real estate. Therefore, the conditions for carrying out business mediation activities of this type are quite favorable.
Take the opportunity to learn about some reasons that could motivate you to start a business in the luxury real estate sector in Portugal.
1. The strength of the luxury real estate segment
Even though we are going through a gray period, following the COVID-19 pandemic, the demand for luxury properties has not slowed down. These properties are considered safe assets, which can immediately constitute a source of income .
In parallel, and given the impossibility of devaluation, the value of these houses could even skyrocket over time.
2. The very nature of investors
Investors who operate in this niche market exhibit somewhat standardized behavior, which does not follow possible fluctuations in economic cycles .
The current economic and social circumstances do not weaken their aspirations and, therefore, they continue to attack the market incisively.
3. The consolidation of teleworking
At a global level, teleworking was an inevitable consequence of the emergence of the new coronavirus. For reasons of convenience and safety , workers demonstrated their adaptability, spending more time at home and requiring rigorous and balanced management of their personal and professional lives.
This trend was consolidated and, naturally, there was a demand for exclusive properties , capable of meeting the needs of their buyers.
The public with greater financial power seeks high standard homes , with superlative quality construction materials, generous indoor and outdoor areas and spaces dedicated to professional activities.
4. The attractive commissions earned by business mediators
The commissions charged by real estate consultants are perhaps the biggest attractive factor for anyone interested in opening their business .
Although they always depend on the volume of transactions in a given period, the values involved are generally very interesting for mediation companies. This time, the consultancy and mediation activity proves to be extremely profitable.
5. The unique characteristics of Portugal
Portugal brings together a set of unique characteristics that should be intelligently capitalized on in the luxury real estate sector.
On the international scene, the country is in a prominent position, given its quality of life , safety and climate conditions that make it so attractive to foreign buyers.
6. The long-awaited post-pandemic period
Nowadays, the COVID-19 pandemic still causes uncertainty in some sectors of activity. However, the reinforcement and speed of vaccination in Europe open up very optimistic perspectives for the future.
It is expected, therefore, that the luxury real estate sector will attract increased attention, in the short or medium term, from domestic and international investors.
The right opportunity to succeed in luxury real estate!
Are you looking for a professional challenge of real prestige, winning and capable of ensuring high profitability? DS PRIVATE is a consultancy company that operates in the areas of luxury property brokerage, credit brokerage and construction, providing an integrated service tailored to each client.
With a constantly growing network of stores, DS PRIVATE creates favorable conditions for real estate entrepreneurs to carry out their activity successfully, through a strong support structure , continuous training , cutting-edge technology and a diverse range of protocols and partnerships maintained with renowned banking institutions and architectural firms in Portugal.
Don’t waste this opportunity: it’s the ideal time to give wings to your ambition! Get in touch with us and find out more about the requirements needed to open a DS PRIVATE store in a strategic location in the country.
