The main “red flag” for luxury home buyers was the proximity of neighboring houses; 62% of those surveyed stated that the transaction would not take place in this case. This is stated in a study by the Rariteco company (available from socialbites.ca).
Rariteco Development Director Ekaterina Borisova emphasized that “buyers of luxury homes value privacy and a feeling of space, and proximity to other buildings violates these expectations.”
The second red flag is the lack of sound insulation, which reduces the comfort level. This disadvantage was mentioned by 55% of luxury apartment buyers.
In third place among purchase refusal factors is unattractive view from windows (45% of respondents). The study showed that a view of an industrial area or highway significantly reduces the attractiveness of an apartment. Lack of natural light (38% of respondents) and inappropriate layout (33%) also become “red flags” for affluent buyers.
Other reasons for rejection include parking problems (27%), noisy neighborhood (22%), questionable reputation of the developer (18%), failure to comply with the stated price (15%) and lack of a smart home system (12%). number of respondents).
The research was conducted in October.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.