The year 2020 has been an emotional year and the economic crisis has shaken almost all markets. What about the real estate market, and more specifically the luxury real estate market? Is it necessary to invest in luxury real estate in 2021? Which are the geographical areas with the highest returns?
La Maison iKeys, which has been specialising in luxury real estate for several years now, will enlighten you on the future of luxury real estate in 2021 and help you with your projects.
What is the impact of Covid-19 on luxury real estate?
As a result of the Covid-19 crisis, the conditions for accessing property loans and the procedures for obtaining them have been particularly tightened. Clearly, these new measures have had a particular impact on the real estate sector.
In practice, it is clear that these measures have had very little impact on high-end customers and those who invest in luxury real estate. The luxury real estate market is therefore doing very well, and it is highly likely that the economic crisis currently affecting the whole world has reinforced people's desire to invest in something safe and tangible, i.e. to invest in stone.
What transformations are awaiting the property market in 2021?
The year 2020 will remain the year of awareness of the importance of being at home, of being in a comfortable, practical and satisfying environment. This awareness will profoundly reshape the real estate market, and in particular the demands made on architects.
All the major architects and investors are thinking about how to reinvigorate the luxury real estate market to meet the new demands of buyers. However, these developments and the framework within which they are taking place remain very fragile, as it is currently almost impossible to make predictions about what the future holds.
Will these changes profoundly affect the company or only the months and years to come? Will these needs remain present if a reliable and effective vaccine is developed that is capable of protecting the population? These are all decisive answers that remain unresolved for the time being.
Where to invest in 2021?
France has nothing to be ashamed of and remains a country whose attractiveness for investors in luxury real estate is well established. However, it is not alone in the lead and many other destinations are very popular on the luxury property market in 2021.
These are mainly the Emirate of Abu Dhabi and the Emirate of Dubai, the Illinois and Florida regions of the United States (Miami and Chicago), Spain, the Dominican Republic, Portugal and Mauritius.
If you would like to make a property investment in 2021, please contact us. La Maison iKeys has specialised in luxury real estate for several years and we would be delighted to assist you in your project to make your investment a success.