High-end home buyers are backing off as rising interest rates, inflation, a tepid stock market and economic uncertainty make it less feasible to purchase luxury goods. Redfin Reports Luxury-Home Purchases Plummet 28%, the Biggest Drop on Record. Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, 2022, … Read more
While you should always check a new potential home for all the basics, like if it has updated appliances and if the roof is in good condition or in need of repairs from a company like Alpha Elite Roofing, a luxury home will likely have all that covered. Instead, you should be looking for those … Read more
Over the past 18 months, homes have doubled as offices, workout spaces, schools, and entertaining spaces. The global pandemic has prompted many HNWIs to reassess the true value and purpose of “home,” and with it, the most important amenities to consider when buying a luxury home. According to Forbes Global Properties’ 2021 Year-End Market … Read more
Global Prime Property Prices Surged in 2021 Amid Soaring Asset Prices. The state of the prime property market. Report. Even if luxury homes were purchased initially as a vacation residence, HNWIs are increasingly using these homes for primary home purposes and for longer periods of time. These are the finding of Forbes Global … Read more
The latest tech-based amenities have opened up more options for luxury home buyers. According to The Wall Street Journal, 87% of luxury home buyers favoured a tech-friendly home and 66% said that smart homes would be on their wish list instead of green homes. The reason why smart homes are being preferred over other offerings … Read more