Weather
17 ° C
17°C
10°C
Sunny Intervals
Breaking News

17 new cases of Covid-19 on 28 Oct. brings total to 337: 8 hospitalised - 1 resident, 5 in ICU - 2 resident, 74 home monitored, 256 healed, 1 resident death

What property features are HNW house hunters looking for?

What property features are HNW house hunters looking for?

By Cassandra Tanti - July 8, 2020

From waterfront views to private pools, in-house chefs to wine cellars, the world’s super-rich home buyers have a slightly different list of property requirements compared to the average buyer.

Research from leading high-net-worth (HNW) mortgage broker Enness Global has revealed which luxury property features have seen the biggest surge in popularity since the start of the year.

Most popular property features 

Wherever you are buying at the top end of the market, the same property features appear to hold the greatest interest amongst buyers.

New-builds, a spa, a furnished property, a garage, a garden, a good view and a waterfront property consistently ranked in the top five features across London, Monaco, Singapore, New York, Honk Kong and Dubai.

A new property was of the greatest interest to buyers in London, Singapore, New York and Hong Kong.

In Monaco, unsurprisingly with space at a premium, homebuyers searching for a property with a garage was by far the most sought-after requirement, even double that of the next most popular search term: ‘new’.

Biggest increases in interest

However, while these traditional property features will always hold a strong level of interest, a number of additional features have seen a sharp uplift in buyer search interest so far this year when compared to the same time last year.

Sea views, a library, private pools, upgraded and modern homes, home gyms, a wine cellar, a chef, security, a games room and a sauna are some of the most common features to have seen an increase.

In London, searches for properties with upgraded specifications above and beyond that of the regular home have seen the largest increase (+67%), along with wine cellars (+50%) and home gyms (+28%).

Interestingly, in Monaco, searches for a sauna have seen a surge (+122%), with both a sea view (+77%) and a view in general (+45%) also growing in popularity, perhaps due to the fact that people were confined to their properties for a number of months this year.

In Singapore, homes with a games rooms have seen the largest uplift in interest (+118%), while in New York private pools (+245%), home gyms (158%) and wine cellars (+42%) have increased in popularity.

In Hong Kong, searches for homes with a garage (+731%), sea view (+205%) and library (+113%) have increased the most, with a sea view (+368%) and a library (+184%) also increasing in popularity in Dubai, along with private pools (+166%).

“For most of us, an affordable asking price and a pleasant property are the biggest requirements when house hunting, but this certainly isn’t the case when it comes to the super-rich,” says Hugh Wade-Jones, managing director of Enness Global Mortgages. “That said, even at the very top end of the market, homebuyers tend to prioritise the same key features as most of us. A garage, a garden, perhaps some furnishings and a pleasant view are the foundations of most property searches.”

“But above and beyond these basic needs, it’s interesting to see what has now grown in popularity with current buyers when compared to this time last year,” adds Mr Wade-Jones. “With the current pandemic impacting all of us, features to enhance health and social wellbeing are rapidly growing in demand. Today’s high-end homebuyer wants a clean, new home, with modern features and appliances. They want an enhanced level of security and they want health and fitness outlets such as spas, gyms and pools. Throw in a fine wine cellar and a games room and you’re ticking almost every box.”

 

Photo: Spacious villa in Provençal countryside

 

 

 

shares
SHARE
Previous articleMonaco’s tick of approval for safety
Next articleMonaco contributes to creation of 1st MPA in Cambodia

daily

October 23, 2020 | Lifestyle & Wellbeing

No more late nights out

Cassandra Tanti

Bars and restaurants in Monaco have been ordered to close by 11.30pm under a new range of restrictions announced by Minister of State Pierre Dartout on Friday evening.

0
October 15, 2020 | Lifestyle & Wellbeing

Government members lead flu campaign by example

Cassandra Tanti

Monaco has launched its largescale vaccination campaign, with Minister of State Pierre Dartout getting the flu jab that will eventually be available, for free, to the entire population.

0
October 13, 2020 | Lifestyle & Wellbeing

Chefs launch campaign to feed storm victims

Stephanie Horsman

A team of top chefs from Monaco and France are rallying together to treat the storm victims - many of whom have lost everything but their appetites - to a proper meal prepared from the heart.

0
September 29, 2020 | Lifestyle & Wellbeing

Nuclear technology to boost early cancer detection

Stephanie Horsman

The Princess Grace Hospital has unveiled its new €8.2 million Nuclear Medicine Department, housing the latest equipment to treat a wider number of pathologies faster and earlier.

0