Before purchasing your dream luxury real estate, ensure you are up to date with the latest April trends and market insights. By taking a quick look at what real estate and market experts say, you get better leverage for the properties you either want to sell or purchase.
Luxury real estate sees a boom during the summer, when most families look to purchase new properties to transform into their perfect vacation homes without going to the top international destinations. Make the most out of your investment by taking the time to read up on the latest April trends and market insights for luxury real estate.
Unbeknownst to many, the real estate market has also seen rise and fall in activity during certain months. In general, some months are better for buying a home, while other times are better for building or selling your luxury real estate properties. Like any industry, the market may present general trends, but you should also factor in specific conditions that might affect the sale of certain properties.
According to veteran realtors, about 50% of luxury real estate gets sold during the summer months. This may be likely to people wanting a fresh start in their new home during the summer where they have more time to settle in before they return to typical work and school schedules.
Touring luxury real estate during the summer also highlights how the home can provide comfort and relief during the hotter days, making it more than a great time to visit several properties on your wishlist.
If you are looking to buy your new home, however, October to February are also prime popular months for real estate. Most sellers are looking to close deals towards the end of the year or right at the start of the year so that they may offer luxury homebuyers better prices for these properties.
Building luxury real estate also has popular months, with research showing that new builds are often started around December to February to make the most of cool and dry weather conditions.
When it comes to more specific trends, analysts take a closer look and project findings per quarter or even per month. If you are looking to purchase or sell luxury real estate during summer, it is best to look into April trends and market insight before you make these big decisions.
Due to strong economic growth, a study has projected that the Philippines will see an increase in property sales. The real estate market will remain stable, as more projects are completed and more families purchase homes.
Luxury homes, especially those in exclusive communities sitting right outside busy city centers, continue to be popular among homebuyers. While living in the city center has a lot of perks, more homeowners want to live in homes that give them the luxury of space and serenity. As such, properties in Santa Rosa and Daang Hari are becoming more attractive to prospective buyers. These locations are still conveniently located near hubs of commerce and entertainment, but they still provide a space where families can feel like they can get away from all the hubbubs of city living. Families are putting a premium on green spaces for their homes, which are more readily available in luxury communities right outside busy business districts.
For career-oriented individuals, there is a demand for luxury condos in areas close to work and business centers. While working from home is still available to many individuals, they want the option of a quick commute if ever they need to come into the workplace. Condo living can give them the best value for their money, and as such, more individuals are looking to get the best condos in areas like Davao.
As the country’s tourism recovers post-pandemic, the desire to have a vacation home in the best tourist spots of the country have also seen an uptick in activity in the market. Consumers site Baguio and Tagaytay as two of their top options for vacation-style living. Having a home base in these communities makes it attractive for homeowners as an alternative to hotels.
Consumers are also looking to Boracay for their destination of choice when it comes to luxury living. The beach lifestyle, especially in the summer, has created a demand for properties and condominium units in beachy locales like Boracay.
Filipinos abroad all look forward to building a better life for their families, and that includes investing in a comfortable home for their families. This new home is also something OFWs look forward to coming home to and even retire in. Recent market insights suggest that Filipinos working abroad are looking to invest their money into properties for themselves and their families. These Filipinos are looking for homes with large spaces, good airflow, and ample greenery. As a whole, overseas workers want to find their piece of luxury in their homeland.
Of course, world events also have a marked effect on world markets, including real estate. The Philippines is seen as a strategic position by various countries. This means that the conflicts surrounding the United States, China, Russia, and Ukraine will also affect Philippine market conditions.
Local challenges like food security can also play a big part in how stable the real estate market can become.
But while Filipinos are more conscious about where and how they spend their money, the real estate market is projected to remain resilient and relatively stable. Luxury real estate and properties remain the preferred investments by many Filipinos, regardless of how the market fluctuates.
Make the most of your well-earned income and invest in real estate with Brittany Corporation. Luxury real estate communities and properties developed by Brittany will serve as smart investments for you and your family’s future.
Brittany is the luxury residential real estate are of Vista Land, and they have built a solid reputation over the years through their world-class luxury homes and exclusive communities. Each of their developments take inspiration from beautiful locations around the world, bringing global luxury living to the Philippines.
The experts at Brittany understand the trends in the market, and make the most out of them for prospective homebuyers who want to delve into luxury real estate. Their developments in Vista Alabang and Brittany Santa Rosa give Filipinos the option to live in grand homes while keeping close to the attractions of the city. Vista Alabang will give you your dream Italian home, complete with stone walls and private courtyards. While Brittany Santa Rosa will give you and your family unrestricted access to Laguna’s greenery while living with the majestic view of Mt. Makiling.
Luxury vacation living can also be maximized by investing in a beautiful condominium unit in Crosswinds Tagaytay or at the upcoming Bern Baguio. With homes in these top Philippine destinations, you will never have year-round access to a laid-back vacation lifestyle. Go on a food trip in Tagaytay and Baguio, tasting the wide selection of cuisines available while you enjoy the cool weather and scenic views.
Whatever type of luxury residential property you are looking for, Brittany has the perfect one for you. Your new home should be a testament to the dedication and hard work you have shown. Let your dream home be a gift to you and your family, and let Brittany make your luxury home dreams come true.
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