Data from a global survey of major property buyers in over 20 countries was used Create offers for LPI’s “Luxury Home of the Day”
Buyers’ primary interests include outdoor spaces, views, home security, sustainability, and more
New YorkAnd May 11 2022 /PRNewswire/ – Seven key priorities currently define what high-net-worth buyers are looking for in this unprecedented housing market… and for the first time, those needs and desires are brought to life by a marquee, ever – pre-visual illustration by Luxury Portfolio International® ( LPI): “Luxury Home of the Day.”
The global survey of discerning property buyers in over 20 countries was used to create offerings for LPI’s “Luxury Home of Today”
Extremely unique creativity – unparalleled in the industry and exemplified by a customized suite of CGI offerings by Slovakia-based Visual Studio – is the cornerstone of a newly released global study by LPI, the world’s premier network of luxury residential real estate brokerage.
titled Luxury Real Estate StatusThe report is the result of a survey of more than 4,600 high net-worth individuals in more than 20 countries. It identifies the main interests driving major property buyers today towards their ideal properties worldwide – demands that are expected to intensify over the next five years and beyond.
The prevailing trends for luxury home are as follows:
- A stay that evokes a happy and fulfilling life
- Reimagining the outdoors as an adult play scene
- Sustainability as a focus, not an afterthought
- Feeling of peace and well-being
- high security
- A fully equipped kitchen full of gadgets as the centerpiece
- Home services and seamless ability to outsource home business
As described in the report, the resulting research and presentations reflect key findings from a pair of industry giants, Crestron and Ember. With open living areas, contemporary designs, and lush natural surroundings, the two-story LPI Deluxe Single Family Home is emblematic of the transformative, post-pandemic shifts in interests among homebuyers.
“While the luxury residential property landscape — and subsequent demand among buyers — was fluctuating prior to COVID, the pandemic has amplified some of the changes we are seeing today,” he said. Mickey Alam Khan, president of Luxury Portfolio International®. “This is especially true as it relates to the artisanal ‘life’ of the home, such as the excellent ‘green’ amenities, an operating room, and self-care features such as saunas, steam rooms, yoga studios, and decorative recreation areas.”
Key points from the study include:
- Consumers of luxury goods now prefer that their homes represent happiness and contentment in life. The home of the future — and the home of today, for that matter — has been reimagined to balance work, leisure, relationships, and purpose. These individuals are not only financially successful, but they are artists in the game of life. Therefore, the house is expected to reflect its playful nature. Key features, depending on the location, include beautiful scenery, walkability, short commute, and access to the nightlife.
- Years of pandemic-related lockdowns have contributed to consumers wanting more options for fun at home. So the residences must be as unique as the buyers. Some of those surveyed would like a sprawling garden or even a small orchard on the estate. For others, the backyard is the entertainment area: a pool surrounded by a patio or terrace with a fire feature, an outdoor kitchen and bar, and the integration of modern technology.
- Next-generation sustainability will be much broader than solar panels and energy-efficient appliances. It will mean sustainability in the DNA of the house itself, complete with top-level building materials, especially non-toxic materials.
- Three out of four luxury home buyers (75%) expect their next home to have three or more fitness and wellness facilities. Primary features and accompanying amenities include tranquil gardens. indoor swimming pools, saunas, steam baths; massage rooms; yoga or pilates studios; An abundance of natural light, etc.
- Now, more than ever, luxury-goods buyers expect their homes to be equipped with high-tech security features, particularly supporting residents against modern threats (such as utilities backup, data, and the Internet) and, in some cases, criminal activity. We found this trend to be strongest among those with significant concern about potential COVID-19 lockdowns leading to an increase in local crime. Climate change and rising cybercrime rates are also affecting this defensive posture.
- The most requested feature in a new kitchen is its utensils 80% say this category is basic. Smart appliances, such as built-in coffee makers, cooking ovens, blenders, and cocktail mixers, create distinctive images in buyers’ minds. Contrary to the trend of openness, the formal dining room remains a place for on-demand entertaining.
- More consumers are using app-based services to bring in food, drinks, and any number of packaged merchandise. Buying and selling “contactless” is available here to say. Buyers want homes that make it easier to outsource everyday household chores to the will of those involved in the local economy. A home service that continues to grow in popularity is a personal chef – who can design a healthy eating plan and also deliver goods. Future buyers want a fully equipped kitchen for outside help and, in some cases, a secondary kitchen for preparing food from indoor sources.
“Today’s global market is shaped by widespread uncertainty, which makes it even more important to stay ahead of the most impactful trends,” he added. khan flag. “At Luxury Portfolio International®, we have always prided ourselves on not only being able to logically analyze what influences the upscale segment, but also how to guide home buyers, sellers and agents to adapt accordingly. We consider this report a valuable tool and an insightful resource as it relates to these individuals’ businesses and strategies. investment”.
To access the full report, please visit the following link: https://www.luxuryportfolio.com/reports.
To download LPI’s “Luxury Home for Today” designs, please visit: https://www.dropbox.com/scl/fo/2p0wmf1lwfkcw34f7dt9i/h?dl=0&rlkey=4ehaa67p9w8xasteg35i1twrt
ABOUT LUXURY PORTFOLIO INTERNATIONAL® (LPI)
LPI (luxuryportfolio.com) is the luxury marketing division of the world’s leading real estate companies, the largest global network of companies with leading local brands dominated by many of the world’s most powerful independent luxury brands. LPI attracts a global audience of visitors from over 200 countries/regions each month and markets over 50,000 luxury homes annually. Well Connected™
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SOURCE Luxury Portfolio International
