Luxury properties have a wide range of characteristics that differentiate them from other types of housing.
Relatively often, price is considered as the key factor that determines whether or not a home fits into the premium segment . However, there are several particularities that enter into this equation, influencing the evaluation of a home.
Take the opportunity to discover in detail what luxury properties are and what their distinctive features are.
The definition of luxury
Before proceeding to define luxury real estate , it is important to pay attention to the term luxury . It is not an easy task to define it and, therefore, it is a concept that contains some subjectivity.
Luxury is perceived differently by different people and it is difficult to reach a consensus in a discussion on this topic. For this reason, the extension of the concept of luxury property is remarkable, and today it can even be associated with simplicity and authenticity in what is genuine.
What, after all, are luxury properties?
Firstly, it is important to emphasize that a relatively common error when appreciating luxury properties is their immediate association with a high cost .
As significant as it may be, the price alone does not place a home in a premium category . This will have to be unique, exclusive and awaken the desire of potential investors.
Typically, buyers of luxury properties look for homes in privileged geographic locations, with access to museums, restaurants, commercial establishments or recognized upscale areas.
However, investor behavior and preferences are not always linear. Other buyers, for example, want places with greater tranquility, valuing the beauty of the natural landscapes.
Within the national panorama, in the city of Porto, the area surrounding Parque da Cidade and Foz are seen as privileged. If we analyze the surroundings of Lisbon, Cascais, Estoril and Tróia acquire preponderance. Due to its climate and beaches, the Algarve is also, in general, an unavoidable reference for investors.
In a recent period, Braga and Aveiro have conquered their space within the real estate market and an upward progression in the level of demand in these locations is expected.
The security and privacy provided by housing, combined with high standards of construction and design , are other relevant aspects for potential investors.
5 most valued features in a luxury property
During the process of choosing a luxury property , these are the characteristics that hold significant weight:
1. Exclusivity
The target audience for this type of property aspires to have pleasant experiences in their daily lives. As such, sophistication, personalization in the use of indoor and outdoor spaces and the use of superior quality materials are criteria that must be met.
2. Location
As a rule, luxury properties are located in privileged areas, with excellent accessibility, both close to the main urban centers and in quieter locations.
3. Security
In addition to construction stability, premium segment properties must integrate advanced video surveillance and private security systems.
4. Leisure
Home is, in these cases, seen by families as a perfect place for leisure and social activities.
Thus, tennis courts, gyms, swimming pools and saunas are extras that make properties in this segment even more attractive.
5. Potential appreciation
The asset value of a luxury property ensures increased comfort for its owners in possible adverse economic circumstances.
At the same time, the target audience for this type of property tends to be active in searching for profitable market opportunities.
Are you planning to move towards purchasing a luxury property soon? Would you like to obtain valuable information about the latest trends in this segment? Check out the DS PRIVATE blog and stay up to date with all the news!
