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Luxury Real Estate Trends in Summer Destinations

It is summer again in the Philippines, and there are some notable trends this season when it comes to buying high end residential property in summer destinations. Luxury real estate is timeless and is always a worth it purchase or investment, no matter what season it is. People who can afford it will always be on the lookout for a luxury house, wherever they are.

Summer is a hot season for travelling and also for luxury homes Philippines. You may have paid a visit lately to a tourist destination to stay for a mini vacation, and noticed that there are a lot of new luxury house and luxury condominium springing up in prime locations. You may have thought of the location to be fit for just a vacation or a weekend getaway, but people have been making a home out of the best summer destinations in the world. Why just visit them occasionally, when you can be comfortable at home in the city of your dreams?

What Time of Year Is Real Estate the Hottest

What Time of Year Is Real Estate the Hottest?

Real estate is at the most active during the summer, from around April to August. It seems that people buy more houses when the temperature is at its peak, and then the market slows down during the cold months.

During the hot summer months, there are more properties, such as luxury house or luxury condominium, available. Summer, then, is the best season to scout for houses if you’re looking for a home in a high end residential property for you and your family, or even if it is for business purposes. You can have more options, but you should not take too much time in deciding because a lot of other people are looking for luxury homes Philippines as well.

For this reasons, the prices of high end residential property in summer destinations are at their highest. People will be competing for the houses that are available. In short, prices are up because the demand is higher compared to the demand during cold months.

People also tend to travel a lot during the summer, making them see new property developments, like the ones from Brittany Corporation. Seeing beautifully designed and cozy houses in the heat of the summer makes luxury homes Philippines much more appealing to people. The season makes people want to live in a new location with the beach or the mountains nearby. This is why there are noticeable luxury real estate trends in summer destinations in the Philippines.

Which Real Estate Markets Are the Hottest?

Luxury real estate trends in summer destinations compel people to buy more properties, but just what kind of properties are the most popular among buyers in the Philippines? Here are the ones that are most in demand and also the ones that you have to consider when looking to buy a property during the summer season.

Luxury Real Estate Trends in Summer Destinations

Luxury Condominium

Getting a luxury condo for sale is one of the best decisions that you can make financially. Not only is it easier to maintain than a luxury house and lot, but you can also use it for a lot of purposes.

A luxury condo in a popular summer destination, like Tagaytay or Baguio, will always be appreciated by people, in a sense that they are never too much. Getting a full on luxury house and lot in your favorite city may be a decision that you will regret later on, leading to buyer’s remorse.

A luxury condo is just right, because it lets you stay in a beautiful dwelling during the summer in a prime location and if ever you decide that you do not want to live there long term, then you can start a business out of it and rent it out to others who are looking for a staycation. The Philippines is a beautiful country and inspires people to stay in its most beautiful provinces even for just a week or two, or even a month, so you will not really run out of clients in that department.

A luxury condo unit also comes with amenities and views that a luxury house may not have. This means that by getting a condo unit in a beautiful location, you are getting more by spending less. No need to spend a lot of time getting acquainted with the place if you want a gym to exercise in, a spa to relax in, or an entertainment room where you can bring guests and friends.

A condo unit is also relatively easier to maintain than a luxury house, because management can handle basic maintenance and repairs. Condos, especially ones in exclusive communities like Crosswinds Tagaytay, are also highly secure so you know your property is safe even during the off season when you are far away and the condo unit is left without a dweller.

Some luxury condos to consider are Crosswinds Tagaytay and Bern Baguio. Crosswinds in an exclusive community for the affluent and it is Swiss-themed, so it offers a foreign getaway for Filipinos without them having to leave the country. Every condo unit gets a bird’s eye view of the mountainous area peppered with thousands of pine trees. Bern Baguio offers a similar appeal in the summer capital of the Philippines. Check out pre selling units in this soon to rise condominium complex by Brittany Corporation, so you can get a unit while the prices are still down. Don’t be left out of the luxury real estate trends in summer destinations!

Smaller Luxury Houses

People have been shifting to smaller houses lately, as huge houses lose some of their appeal. A bigger house is not always a prettier one, and it even comes with more responsibilities. Getting smaller luxury houses is one of the luxury real estate trends in summer destinations, because they are much more sustainable and easier to maintain.

Smaller houses can be very fashionable, and too much space is not really needed. For as long as the house can fit in all members of the family plus a few guests, then the size is deemed right. Smaller houses also do not require too much attention, as in whenever furnishing, cleaning, or decorating. Given the right equipment, they also demand less electricity and release less carbon footprint.

It is important to note that the prices of housing are only going up, so millennial buyers have to be wiser with their real estate purchases. The expenses do not end when the house is paid for. They continue over time, because properties take a lot to be maintained. Luxury real estate trends in summer destinations also include people looking for more affordable housing, even when it is luxury.

Conclusion

Summer is a hot season for real estate. People purchase more properties, as summer destinations become more appealing and more properties become available for them to choose from. For summer in 2023, the biggest luxury real estate trends in summer destinations include buying and investing in luxury condominiums in prime locations and buying smaller luxury houses.

People are wiser with their real estate purchases now as housing prices go up, so condo units are the star of the season, offering an affordable summer dwelling that is easy to maintain. Smaller houses are also very competitive nowadays when it comes to aesthetics, so getting huge houses is not as popular as it used to be. Smaller but smarter homes are the new status symbol.

Brittany Corporation offers luxury condominium and luxury houses in summer destinations in the Philippines, so give them a look and see why their properties are some of the best purchases you can make this season.