demographics: The Changing Face of Luxury Real Estate
- 12/28/17 08:34 AM
The following article is an excerpt from our 20 page Luxury Property Report. The entire report is available by visiting our report page. Shifting demographics will lead to some long-term changes in the luxury market. The customer for these properties is changing, and with this change comes the need for a different kind of property. These new customers are comprised of high-earning millennials, and their interests and uses in a property differ from previous generations. They look for less square footage (according to one builder we spoke with, 5,500 square feet is the sweet spot). They want more open floorplans and less space … (11 comments)
The following article is an excerpt from our 20 page Luxury Property Report. The entire report is available by visiting our report page.
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