Yearly, with advancements in technology and modern building materials, our perception of quality living spaces are rapidly changing.
For many years, analysts from some of the world's largest real estate agencies like Christie's, Nicoliers, and M16 GROUP, who specialize in private homes, residential complexes, and premium apartments, have conducted surveys among their clients. The purpose of this survey was to understand what potential buyers perceive as "elite" real estate. Let’s see together what are the standards mentioned in these surveys.
1. Architecture and Location
Several trends can be identified in architecture and location. Some buyers want to buy residential and commercial properties in newly developed communities that have recently gained popularity. Others prefer living in the heart of large cities, it can be a beautiful apartment in a new building or a stylish house in an older one. The third group are the most financially stable buyers who invest their capital not only in luxury apartments but also in architectural masterpieces or historical monuments that are owned by famous individuals.
2. Ecology and Modern Technologies
Many wealthy buyers who prioritize environmental sustainability prefer eco-friendly and energy-efficient apartments, the so-called "green" homes.
Each year, developers offer more and more effective solutions, like energy-saving double-sided windows, heat and noise insulation, water purification systems, "smart" technologies, etc.
3. Exclusive Design
Small apartments have no place in the elite real estate category. The minimum total area must exceed 90 square meters, should have high ceilings (usually around 3 meters) and a spacious kitchen of at least 20 square meters. While there are no strict design standards, elite apartments are expected to be spacious and adequately lit. In order to achieve this, they often install panoramic windows.
4. Private outdoor spaces for leisure and entertainment
For example, small gardens with fountains, landscaped green spaces, outdoor sports or children’s playgrounds, art centers, and comfortable benches, etc.
5. Security
Security service, 24-hour video surveillance of the yard and stairwells. Houses have a lobby, visitor monitoring system, and intercoms with cameras.
6. Infrastructure
An elite residential complex must include parking, preferably underground spaces for residents and above-ground spots for guests. The perfect setup is the one where all the needed services are conveniently close by: a swimming pool, spa salons, a gym or fitness center, a kindergarten, a supermarket, and restaurants.
7. Mandatory Services
Availability of technical and cleaning services, supervision of cleaning of the premises, waste sorting, disposal, etc.
8. Centralized Ventilation System
There are no air conditioners installed on the facade of elite buildings. Instead, there are centralized heating, cooling, and ventilation systems, and each resident has an individual control system in their home.
In Conclusion
Elite real estate is considered a premium-class property located in prestigious areas, with stable internal infrastructure, closed area, 24-hour security, exclusive landscaping, and expensive interiors.
What is elite real estate worth?
The primary criterion for determining its place in the premium segment is the price. First of all, the price of elite real estate depends on the market we are looking at, is it urban or tourist? And what we are looking at is an apartment, house or commercial real estate, and its location.
Conclusion: Elite apartments, exclusive penthouses, luxurious mansions, and any other premium real estate showcase the high status of their owners. To purchase elite real estate in Armenia, simply contact our specialists, who will help you in finding your dream home.
