Discover the Top Luxury Real Estate Trends for 2022

When it comes to luxury real estate, the market is always changing. Often, these changes come as a result of global factors that have a significant impact on people’s spending behavior. 

When looking to invest in a new property, it is important to have a handle on the most current trends to effectively navigate the market. Doing so will ensure you make an informed and secure investment for both your portfolio and lifestyle. To help you get started, let’s take a look at what Real Estate experts predict are the top trends in luxury real estate for the new year.

1. A More Competitive Market 

The luxury real estate market is now more competitive than ever before. Given the highly-competitive nature of the market, homebuyers are open to options they may not have considered before. Some of these options include looking for luxury homes in private communities, buying outside of city-centers for more spacious homes, or even purchasing second properties to escape to.   

The impact of the global pandemic on the economy must also be taken into consideration when analyzing the real estate market. This impact has been primarily seen in the supply chain. With less workers due to mandatory lock-downs, there has been a delay in manufacturing schedules globally. This has affected both the costs of building a home and the approximate timeline of these projects. As materials are becoming more challenging to comeby at a timely manner, more people are looking for turn-key properties they can personalize over time.  

2. Relocations Continue Across the Country

As families were advised to stay home, they began to realize the benefits that having more space or multiple properties provides. 

Unfortunately, space is something that is hard to come by in larger cities. The vast majority of these relocations are coming from some of the largest cities in the country, and moving to up-and-coming areas with high potential and a large return on investment. For example, Greenville, South Carolina and Asheville, North Carolina.

One of the main benefits of moving to smaller cities and towns is that buyers can stretch their dollar much further. This multiplies the square footage of their new home immensely, ultimately allowing them to purchase a more luxurious property.  

As more employees have the option to work from home, having a dedicated home office space is now at the top of many people’s priority list. Effective work spaces like this are only truly achievable in larger homes, leaving many people going out in search of larger properties.

3. Increased Second-Home Purchases

As more people have the liberty to work remote or hybrid jobs, the flexibility to work in new locations has increased. This has caused an increase in people purchasing second homes in new locations where they can enjoy a change in lifestyle without sacrificing their careers. For many people who live in large cities, the appeal comes in their ability to split their time between urban living and getting in touch with natural places, such as the beach, mountains, or lakes. With this given proximity, living is elevated to a level that can be appreciated every day. From morning coffee with a view, to afternoons spent exploring hiking trails in your area, having a second home opens up a world of new experiences. 

A Natural Wonderland Just Waiting to be Explored

The Cliffs is a private gated community comprised of seven locations, throughout Western North Carolina and Upstate South Carolina. Here, the spirit of adventure fills the air as members embrace the beauty of the rolling Blue Ridge Mountains as far as the eye can see.

Ready to come home to the Carolinas? Take a look at our available properties here. 

4. Included Luxury Amenities 

With larger budgets, homebuyers in 2022 are expecting access to five-star amenities at their new homes. Premier golf courses, tennis courts, private dining, and social clubs are all expected from homebuyers today. Recently, with the development of the global pandemic, more people are looking for safer communities that allow them to still enjoy a social lifestyle in a safe way. When purchasing a home in a gated community, you are granted access to the finest private amenities which allow you to easily take part in your favorite activities.

Enjoy a Luxurious Lifestyle at The Cliffs

Our luxury communities located in Western North Carolina and Upstate South Carolina are a natural wonderland just waiting to be explored. Surrounded by the magnificent blue-toned Appalachian Mountains, each of our seven private communities is a balance of luxury mountain living and the spirit of the outdoors. Our exclusive member amenities elevate your lifestyle to create one centered around your wellness and sense of community.      

Each of our private communities boasts a premier golf course, clubhouse, and wellness center –– each designed to maximize the spectacular views. Here, members have the opportunity to enjoy their favorite activities with other members who share their same passions. Throughout the year, various exclusive events are held to create a high-end membership experience that meets the expectations of our members.   

To learn more about how you can become a part of our community, contact our team and schedule a visit to The Cliffs. During this visit you will be able to get a better feel for each community and begin to narrow down your options to determine which best fits your lifestyle. We look forward to helping you make the most of your new life at our private luxury community.