Real Estate Trend
The State of California in the United States is lined with endless miles of beautiful beaches, but luxury homebuyers prefer homes in the hills with views of the cities.
According to the Survey, buyers opt for these properties primarily for two reasons: to acquire a larger home or improve the quality and location of the previous one. However, not all chose views towards hills or the sea. Some preferred alternative landscapes: areas near golf courses were very attractive to 16 percent of buyers, while 12 percent purchased property in the mountains. Real Estate around lakes and ski areas captured less interest, with 4 percent and 1 percent, respectively.
A curious fact highlighted on the survey is that luxury property buyers tend to be more optimistic than regular buyers: seven out of 10 were confident the price of their property would increase in a year. And almost all said they would keep the house for a period of ten years, unlike traditional customers who usually keep their property for only six years.
The survey’s data reveals the lifestyle preferences in a state like California, one of the most exclusive destinations for homebuyers. And perhaps it is because the State is a commercial hub that attracts some of the most creative and productive businesses in the U.S. and the world. ■
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