Luxury Residential Architecture

Goals

To gain an understanding of luxury residential architecture, globally, in order to better inform a client in the luxury windows and doors market



Early Findings

One source noted that the global housing marketed is dominated by luxury apartments, specifically due to economic incentives to build in metro areas and attract high-income residents.

However, the sale of luxury homes dropped 16% in 2018, even as supply rose 14%.

The price of a luxury residency also dropped 5% on average, the largest decline in nearly a decade.
While sales of luxury homes are down, the construction of luxury rental properties rose, especially rapidly in the US.
In 2017, 79% of all apartment construction in the U.S. was high-end, and by 2018, 87% of large-scale apartment buildings constructed were high-end.

Luxury residential markets are noted to being increasingly impacted by the following factors;
political uncertainty, natural disasters, terrorism fears, high equity prices, shifting buyer demographics, currency risks, increased residential taxes, and buying restrictions.

Largest luxury residential markets are Hong Kong, New York, and London.
The time required to sell a luxury residential property has declined due to higher demand and limited availability.

However, property ownership has seen an increased politicization globally, which has led to new taxes and foreign-buyer restrictions in several housing markets, which may impact luxury residential architects.

Proposed next steps:

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