The world of luxury real estate is constantly shifting, and staying on top of emerging trends is the best way to appeal to discerning high-end buyers with exacting tastes and a specific idea of their preferences. At the end of the year, it’s particularly useful to take note of the most long-standing trends that will likely remain in the coming seasons.
Keep on reading to find out what have been the most redefining trends of luxury real estate in 2024.
1 – Smart Homes
As highlighted by real estate expert Geoff De Weaver, technology is having a huge impact on the luxury real estate sphere right now. Smart homes, in particular, are set to account for roughly 60% of luxury real estate by 2030 and should incorporate everything from home management automation, to smart thermostats and intelligent security systems. Luxury real estate professionals can also expect to see a significant increase in the use of AI and virtual reality when it comes to selling and marketing properties in the coming year.
2 – Global Influences
International buyers are significantly shaping luxury real estate trends right now. Recent global influxes have particularly informed diverse architectural styles that blend vacation-like rural settings with the more modern expectations of a largely cosmopolitan global audience. Working with experienced luxury construction companies like Berkeley Place is the best way to achieve this goal, ensuring that luxury properties are always designed with global style preferences in mind going into 2025.
3 – Exclusive Locations
The continually changing priorities of luxury clients who are now better able to work remotely with ease are also informing a rise in the popularity of exclusive and often remote luxury real estate locations. Idyllic, remote properties located on cliffsides or by the sea are especially seeing a resurgence, as are properties located in private parks, golf courses, or gated communities that include all necessary amenities.
4 – Health and Wellness-Centric Designs
Health and wellness continue to reign supreme in luxury real estate properties that can benefit from additions including on-site gyms, swimming pools, and tennis courts. More recent additions to wellness-centric designs have also included meditation/yoga rooms, air and water purification systems, and even circadian lighting systems to promote healthier sleep/wake cycles.
5 – Sustainable Designs
Sustainability shouldn’t be sniffed at in luxury real estate designs which should incorporate sustainable building materials, plenty of green spaces, and solar panels. High-end construction companies have also taken steps this year to minimise environmental impact through steps that include using solely local materials and incorporating natural elements into designs where possible.
Takeaway
Location and construction have had a significant impact on the world of luxury real estate throughout 2024, and their importance only looks set to rise as consumers come to expect more from luxury properties. International buyers, and the need to cater for diverse design tastes, are also trends that we can expect to continue seeing and are worth considering in any luxury real estate investments you make in the near future.
