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Real Estate Market Trends in Summer 2023

It is summer again in the Philippines! The sun is out and summer homes are in again. You may have been thinking of getting one or investing in luxury real estate and if so, then knowing some real estate market trends can help you make better financial decisions. This article will discuss some summer real estate trends that can help you decide on what kind of luxury house to get, or simply where to put your hard earned money.

The housing market is a relatively stable one, which is why luxury real estate is one of the better investments that you can make, more than stocks, bonds, and cryptocurrency. Buyers are always on the lookout for luxury homes Philippines that will suit their ever changing needs. Home sales are made when people are looking for summer houses, a vacation house, a luxury condominium to be rented out, among other things.

During the pandemic, some luxury real estate trends were seen, such as people bought more luxury homes Philippines in prime locations. People were confined to their own homes, so the ones who could afford it looked for other houses they can spend time in with their family. A change in scenery was welcome, as well as a change in workplace, as people shifted to a work from home lifestyle.

There was also an upsizing in luxury real estate. People wanted more space they can move in, since there were not a lot of opportunities to go out. Home buyers wanted huge houses with generous outdoor spaces, so they can easily just step out of their own homes and get an illusion of “going out.” These were some of the luxury real estate trends during the height of the pandemic, but real estate markets can change. Now that the worst of the pandemic is over and people are starting to go out again, these real estate market trends have already shifted. Add in the fact that summer this year proves to be very hot compared to a year ago.

What is the real estate outlook for 2023 Philippines

What is the real estate outlook for 2023 Philippines?

There are some notable trends in the luxury homes Philippines market of 2023, and these we have gathered in this article. People have become more practical when it comes to spending their money on the housing market, even luxury properties. People want to spend less money, not just on the house itself, but also in maintaining the house. They are looking for smart houses that can slash off a decent amount from the electric bill, for example.

Huge properties have also lost their allure, given that there is no need for that much space anymore. People also could not be bothered to mind a lot of rooms, what with the people being busy working to recover from the worst of the pandemic. Houses that are of just the right size are the new “in.” No need to hire professional cleaners every month, and they offer more peace of mind to the home owners.

Smaller Houses

One of the summer real estate trends is to buy a small luxury house. The need for huge houses is going down now that people can go out of their homes again. No need for extra rooms for entertainment, no need for big outdoor spaces, no need to have a home office. Your home can finally be what it used to be, so huge spaces now prove to be unnecessary.

This is one of the modernist real estate market trends. Smaller homes do not only mean smaller home prices, but they are also fashionable and sustainable. They also give peace of mind to the owners, as they are much easier to clean and maintain.

Gone are the days when big houses are in. Smaller houses can be beautiful, too, if the right professionals are hired to design it. Smaller houses also do not mean less space, because there are a lot of interior design hacks to maximize space.

Even the rich think of expenses and saving money, which is why the number of small houses increasing is one of the luxury real estate trends of 2023. Minimalism and sustainability are really in style in 2023.

Glass Houses

If you’re looking for a summer house that is aligned with real estate market trends this year, consider getting a glass house. Glass houses offer a unique aesthetic that will give your home an edge over the other houses in the vicinity. You need to see a house with floor to ceiling glass windows in Forresta, so that you will get the hype.

Having a glass house is one of the summer real estate trends. Such a luxury house makes a good summer house, because glass is a poor conductor of heat, so it can stay cool inside your home even when it is hot outside, given that you know tips on how to regulate heat indoors.

Floor to ceiling glass walls, along with glass panels on the roof, can help you make the most out of the extended daytime. Glass walls will let daylight in, minimizing your need for artificial lighting, so it is a great idea if you want to save on the electric bill. You can have a smart and fashionable glass house in Forresta. It is a beautiful exclusive community and a glass house there will let your family enjoy the view of nature all around all day.

Luxury Condominium

Another one of the luxury real estate trends is getting a luxury condominium, particularly in the city. People have been going back to work in offices, so a condo in the city is very practical. Having a condo in Manila, for example, will let you lessen your travel time to work. This is one of the real estate market trends that really benefit the ones who can afford it, because commuting in 2023 is a nightmare, so you should do whatever you can to cut down travel time.

A luxury condo is always going to be one of the best investments that you can make, because if your family is not at home in the city, then you can always rent out the condominium. That is why you should also consider getting a condo in the other prime cities or locations in the country, like in Tagaytay.

You will not run out of people to rent out a condo to, because people are always going to want to move or have a staycation elsewhere. A luxury condo with a beautiful view of the luscious green mountains in Tagaytay will be the number one investment of the year.

Conclusion

The year 2023 has some interesting real estate market trends, because people are transitioning to a post pandemic life. A lot of housing concerns these past few years are no longer applicable. The demand for huge houses has gone down and people have been looking for more affordable, smaller housing. Luxury properties in the city are also more in demand, now that people are going back to the office for work and commuting proves to be a challenge.

Keep up with the summer real estate trends by getting a glass house in Forresta! A glass house will let you enjoy the nature and sunshine without having to go out of the house. A luxury condo in Crosswinds Tagaytay also seems to be a good idea for a summer house. Check the Brittany Corporation for more beautiful summer properties! They have thematic offerings that are sure to make summer a fun season for the family.