Luxury housing could be defined as housing that meets all the buyer’s needs. Obviously, from a certain standard of living, these needs may be similar, but they do not have to coincide. Moreover, luxury is not the same for everyone, but we do feel luxury when the home meets all the needs that everyone has.
In fact, luxury is not only linked to the price but also to the things that make that property unique compared to the vast majority of the housing stock in the same area.
What exactly do we call luxury?
A luxury home is characterized by factors that make it special; a great location, good views, light, designer furniture, artistic and architectural elements, and security or comfort elements such as a swimming pool or garden.
It has also evolved. The concept of luxury has gone from being something considered excessively expensive and exclusive for millionaires to being a more tangible expectation. Luxuries that once seemed inaccessible to us are now seen as something normalized: housing developments with gyms, jacuzzis, etc.
Ostentation has given way to architecture with minimalist lines. Real luxury in the real estate sector could be defined as those homes of quality and good materials that make up a real home for the owner.
The term “luxury housing” has become so widespread in recent years that its meaning has come to lose its original and exclusive essence, to give way to concepts in which extravagance and excess often take center stage.
This deviation has led some specialists to develop a brief vade mecum with the essential requirements that a home must have to be considered exclusive or high-end.
Characteristics of a luxury home
A privileged location
The first thing a luxury home must fulfil is to have a privileged location. For some, it may be in the middle of the city, and for others, in a remote location.
The location is essential, because, even if a large investment is made in the renovation of a property with top-quality materials, if it is not located in a neighborhood considered luxury, it will never be considered a high-end home.
Location is the most important factor that defines a luxury home. These types of properties are found in the most premium areas, both in the centre of the cities and in the most exclusive urbanizations that have 24-hour security.
High-quality manufacturing materials
Another of the most important aspects is the finishes of the property, the use of fine wood, imported marble, designer bathroom fixtures and kitchens, high-end appliances, and technology to make the home comfortable and equipped with all services. What characterizes luxury is the care with which the materials have been combined to achieve an original, cozy, sober, and impressive atmosphere.
A luxury property must be built with high-quality materials and finishes to make the home a unique, comfortable, and fully equipped residence.
In this sense, tastes vary according to the type of buyer, as Russian or Chinese clients are not looking for the same thing as Central European or American clients. It is very much related to the culture of the buyer, for example, gilding and marble are more popular with Russian, Chinese, and Middle Eastern buyers, while high ceilings with coffered ceilings and mosaics are more valued by the Central European client.
Privacy
It is one of the most demanded characteristics by buyers. A house in a residential area, surrounded by other homes, must comply with characteristics that provide privacy to the owners with respect to their neighbours.
Available services
Whether it is a house located in a residential area or an apartment, both must have unique features in terms of services. In the case of apartments, 24-hour concierge service is a must. Other additional services are usually a private gym, swimming pool, and large common areas… In the case of homes in residential neighbourhoods, they must represent an added value for the community of neighbours.
In the USA, there are many residential neighbourhoods and luxury apartments, in which to be able to enter to live you must be admitted by the community of neighbours who live in it.
The interior layout
Size does not matter when talking about luxury, although it is usually associated with palaces and homes of thousands of square meters, the truth is that there are also small high-end properties.
For the real estate agency, the property must be well distributed, with spacious and proportionate rooms. Each bedroom must be equipped with a separate bathroom and, in the case of the master bedroom, a dressing room and an en-suite bathroom are distributed in the same space.
Price marks quality
One million pounds is the psychological barrier that marks the starting price for a luxury home. More than the final price of the property, it is necessary to value the price per square meter, which usually varies depending on the location of the property.
In the case of super-luxury, you have to start talking from five million pounds.
4,000 pounds per square meter and 750,000 pounds is usually the minimum price, but these values are not absolute, but what defines luxury is the area and the building. However, in the valuation of luxury, the quality of the property influences more than the price. It can be a one-bedroom apartment of 50 square meters and be priced at £400,000 because it includes a concierge service.
What are the advantages of living in Eurocity, Gibraltar?
The Eurocity building in Gibraltar offers several advantages for residents. Here are some of the key advantages of living in the Eurocity building:
- Prime Location: The Eurocity building is situated in a prime location in Gibraltar, offering easy access to various amenities and attractions. It is located in the heart of the city, close to shops, restaurants, entertainment venues, and business districts.
- Modern Infrastructure: The building boasts modern and state-of-the-art infrastructure, providing residents with comfortable and convenient living spaces. The apartments are designed to meet high standards, with modern amenities and facilities.
- Stunning Views: Many apartments in the Eurocity building offer breathtaking views of the Mediterranean Sea, the Rock of Gibraltar, or the cityscape. Residents can enjoy panoramic vistas from their homes and experience the beauty of the surroundings.
- Security and Safety: Eurocity provides a high level of security and safety measures, ensuring residents’ peace of mind. The building is equipped with surveillance systems, access control, and trained security personnel, creating a secure living environment.
- Amenities and Facilities: The Eurocity building offers a range of amenities and facilities for residents. These may include a swimming pool, fitness center, communal gardens, private parking, concierge services, and 24/7 maintenance support. These amenities enhance residents’ quality of life and provide convenience and leisure options.
- High-Quality Construction: The Eurocity building is constructed to high standards, employing quality materials and craftsmanship. This ensures durability, comfort, and long-term value for residents.
- Diverse Community: Living in the Eurocity building provides an opportunity to be part of a diverse community. The building attracts residents from different backgrounds, cultures, and professions, creating a vibrant and cosmopolitan atmosphere.
- Proximity to Nature and Recreation: Despite being located in a city, Eurocity residents can easily access natural and recreational areas in Gibraltar. The nearby Rock of Gibraltar Nature Reserve offers hiking trails, wildlife, and stunning views. Additionally, Gibraltar’s beaches, marinas, and other outdoor recreational activities are within reach.
Apartment for Sale, Carrara, Eurocity, Gibraltar
Welcome to Carrara, EuroCity! This stunning apartment is now available for lease and offers a luxurious and modern living experience.
Featuring 1 bedroom and 1 well-appointed bathroom on the 16th Floor, this apartment is perfect for those seeking comfort and convenience. The open floor plan creates a seamless flow between the living, dining, and kitchen areas, providing ample space for relaxation and entertainment.
This apartment offers a generous amount of living space. The sleek and contemporary design, combined with high-quality finishes, creates an atmosphere of elegance and sophistication.
Located on a High floor, this property boasts breathtaking views of the surrounding cityscape. The large windows allow natural light to flood the rooms, creating a bright and airy ambiance throughout the day.
The sale price for this property is £460,000, premium apartment in this highly sought-after location.
Residents of Carrara, Euro City Eurocity enjoy access to a range of amenities, including a fitness centre, swimming pool, and secure parking. The convenient location provides easy access to nearby shops, restaurants, and public transportation.
Contact CENTURY 21 GIBRALTAR‘s Sales specialist, Vishal Mulchandani, today, he can assist you in English and Spanish. Click HERE for more information, Tel: +350 56285000 – Email: sales@century21gibraltar.com.
